National Apprenticeship Week 2024 is taking place from 5th to 11th February; this year's theme is 'Skills for Life'. The annual week-long celebration of apprenticeships is now in its 17th year of highlighting the value, benefit and opportunity that they bring. The theme for National … [Read more...]
News for: General Business News
New Help to Grow schemes launch as part of boost for small businesses
New Help to Grow management courses have launched as part of a range of government support for small businesses. Announced in the Autumn Statement, Help to Grow: Management courses offer 12-week programme to improve SME leadership and management skills, 90% subsidised by government. The Help … [Read more...]
Six month alcohol duty freeze takes effect
Pub and hospitality venues will benefit from a six month freeze to alcohol duty until 1st August 2024. The duty freeze takes effect from 1st February 2024, and follows last year's reform of alcohol duty to ensure duty paid reflects the alcohol content of drinks. Reforms also cut duty on pints in … [Read more...]
National Insurance rate cut takes effect in January payslips
January payslips have seen workers across the UK pay a reduced rate of National Insurance for the first time since the rate cut announced last year took effect. The government announced it would cut National Insurance by 2p from 12% to 10% at the 2023 Autumn Statement – for the average salaried … [Read more...]
Nearly half a million to miss Self Assessment deadline, finds Handelsbanken
More than 475,000 self-employed people believe they will miss the deadline for completing self-assessment tax returns and paying any money owed, research conducted on behalf of Handelsbanken Wealth & Asset Management has found. Less than a fortnight before the 31st January deadline, HMRC … [Read more...]
Smart devices consumer protection rules to come into effect in under 100 days
The UK is set to be the first country to introduce specific regulations and consumer protection government smart internet-enabled devices and technologies. From 29th April 2024, the regulatory regime introduced through the Product Security and Telecommunications Infrastructure Act (PSTI) 2022 and … [Read more...]
New legislation to introduce digital labelling for imports
Following a consultation on its Product Safety Review, the government has announced new legislation to introduce digital labelling on imports. Digital labelling will allow British businesses to put regulatory and manufacturing information online, rather than printed onto products, when importing … [Read more...]
3.8 million Self Assessment returns still to be filed a week before deadline
With just one week to go before the 31st January Self Assessment deadline, HMRC estimates that 3.8 million are risking a £100 penalty if they do not file their tax return in time. HMRC is anticipating more than 12.1 million Self Assessment tax returns to be filed for the 2022-23 tax year, along … [Read more...]
New guidelines announced to support business leaders with cyber resilience
A new draft Code of Practice on cyber security governance has been published to help UK business leaders to bolster their resilience to cyber attacks. Aimed at business directors and senior leaders, the guide aims to ensure businesses treat cyber threats as seriously as they would legal or … [Read more...]
£185 million phase of support to launch to help manufacturers and industrial businesses cut emissions and energy use
A new phase of the Industrial Energy Transformation Fund is to launch to support manufacturers to reduce CO2 emissions and energy consumption. The fund will support businesses with a further £185 million to help companies transform their operations with new, more efficient equipment, or switch to … [Read more...]
44,800 customers opt to spread the cost of Self Assessment tax bills
Nearly 44,800 Self Assessment taxpayers have set up a payment plan with HMRC to settle near £148 million of tax bills ahead of the 31st January deadline. More than 7.7 million Self Assessment customers have already filed their tax return for the 2022 to 2023 tax year, but HM Revenue and Customs … [Read more...]
Company insolvencies exceeded 25,000 in 2023
Corporate insolvencies exceeded 25,000 for the first time since the 2009 financial crisis in 2023, new December insolvency statistics have shown. Figures also showed that December, typically a quieter month for company insolvencies saw more than 2,000 firms close their doors, surpassing the … [Read more...]
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