News for: General Business News

A large proportion of Wilko stores are at risk of closure after the household goods retailer appointed administrators earlier this month (August 2023). In an update, Joint Administrators, PwC, warned that redundancies were likely as a buyer for the retailer was sought. PwC remains open to offers … [Read more...]

Limited companies due to file accounts with Companies House by the end of September are being urged to allow plenty of time before the deadline. All limited companies, including dormant companies that are not trading, must deliver annual accounts to Companies House each year. Even if an … [Read more...]

The CPI, the Office for National Statistics' (ONS) headline measure of annual inflation, stood at 6.8% in July, down from 7.9% in the previous month. The fall by 1.1 percentage points in the CPI brings inflation to its lowest level in 15 months. Month-on-month, the ONS recorded a 0.4% fall in … [Read more...]

HMRC is reminding people who have had a change in their circumstances to check if they need to complete a Self Assessment tax return for the 2022-23 tax year. Taxpayers can use the free online checking tool on the government website to ensure they register with HMRC by 5th October for Self … [Read more...]

Household goods retailer, Wilko, has fallen into administration and putting 12,000 jobs at risk nationwide, including at its Stockport store. The retailer filed a notice of its intention to appoint administrators on 3rd August, giving it a seven-day reprieve from creditors as it hoped to find a … [Read more...]

Following the decision by the Bank of England on 3rd August to increase its base rate, HMRC is advising customers its interest rates on late payments will also rise. HMRC interest rates are set in legislation and linked to the Bank of England base rate. Late payment interest is set at base rate … [Read more...]

The Bank of England has raised its base interest rates to 5.25%, their highest level in 15 years as it continues to respond to high inflation. The latest 0.25 percentage point rise represents the fourteenth consecutive decision by the Bank's Monetary Policy Committee to increase the base rate of … [Read more...]

The Department for Business and Trade (DBT) has announced an indefinite extension to the use of CE marking for businesses. Following the UK's exit from the EU, the UK will introduce its own UKCA marking for regulated products being sold in England, Scotland and Wales from December 2024. … [Read more...]