Almost half the people eligible for Making Tax Digital (MTD) for Income Tax have missed the first filing deadline, according an analysis from international accountancy and business advisory group Azets. Figures from HMRC showed 436,000 taxpayers filed their first MTD for Income Tax quarterly … [Read more...]
News for: General Business News
Increasing energy bills drove inflation to 2.9% in July
Inflation rose to 2.9% in July, its highest level in four months, according to the latest Consumer Price Index published by the Office of National Statistics (ONS). The latest increase has largely been driven by increased energy costs as a result of the ongoing conflict in Iran and its impact of … [Read more...]
Azets explains July corporate insolvency figures
There were 1,931 corporate insolvencies in July 2026. This was an increase of 4.5% compared to June 2026 (1,847) and a 4.9% decrease compared to July 2025 (2,031). Jonathan Amor, Restructuring and Insolvency Partner at international accountancy and business advisory group Azets, explains the … [Read more...]
New planning rules facilitate new homes near stations
New planning rules have been introduced in England to make it easier to build new homes close to transport links, including train and tram stations. Changes, which were introduced 17th August, will fast-track planning processes to build new homes on land within a reasonable walking distance of … [Read more...]
Manufacturers urged to check eligibility for support with electricity costs
Stockport-based IN Accountancy is urging businesses to assess their eligibility for an upcoming government scheme to support them with high electricity costs. The British Industrial Competitiveness Scheme (BICS) is set to begin in April 2027 to support manufacturers across Great Britain with high … [Read more...]
436,000 file first quarterly update through Making Tax Digital for Income Tax
More than 436,000 sole traders and landlords have successfully submitted their first quarterly update after Making Tax Digital for Income Tax became mandatory for those with annual incomes over £50,000. Taxpayers who have not yet sent their update can do so now in a few simple steps through … [Read more...]
Managing Director of John Lewis to step down
The John Lewis Partnership has announced that Managing Director Peter Ruis will step down as Managing Director of the John Lewis retail brand. Peter Ruis returned to John Lewis in January 2024, after a number of retail leadership roles, having previously been with the retailer for nine years, … [Read more...]
British Business Bank to boost support for investors in UK start-ups
The British Business Bank will support investors in UK start-ups through a next £100 million phase of its Investor Pathways Capital Initiative. The initiative, which will invest £400 million in total, helps fund managers provide the catalytic early capital that innovative, early-stage businesses … [Read more...]
Businesses backing local young people to be prioritised for Government contracts
New rules for Government procurement will strengthen the bids of businesses that commit to their local communities and support young people into employment. Changes will double the importance of creating local benefits when the government buys goods or services, ensuring spending directly creates … [Read more...]
Chancellor confirms date of Budget
Chancellor of the Exchequer, John Healey, has confirmed that his first Budget will take place on Wednesday 28th October. Announcing the Budget date in a short video, Healey promised to move money "out of Westminster, and into every postcode around Britain" while remaining grounded in the fiscal … [Read more...]
Regional mayors to retain share of income tax and business rates
Prime Minister Andy Burnham has announced plans to transfer greater powers to regional mayors to control finances in their areas by enabling them to retain a share of income tax and business rates revenues. Changes will mean regional leaders will keep more of the rewards when delivering policies … [Read more...]
British Business Bank supports £9.4 billion of finance for smaller business
The British Business Bank has supported £9.4 billion of finance for small businesses in the 2025/26 financial year - £1.3 billion was public funding, £4.3 billion was private capital crowded in by the Bank, and £3.7 billion came through lending the Bank guaranteed. The Bank's annual Impact … [Read more...]
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