Major reforms to alcohol duty have come into force from today (1st August), bringing tax paid in line with alcohol strength, and reducing the duty on draught products in pubs. The changes were first announced at the Autumn Budget in 2021 to modernise a system that had been in place for 140 years. … [Read more...]
News for: General Business News
Self Assessment customers encouraged to file tax returns early
HMRC is encouraging Self Assessment customers to take advantage of the benefits of filing their tax returns early for the 2022/23 tax year. While the deadline for submissions for the 2022 to 2023 tax year is 31 January 2024, HMRC argues customers who file early can have greater control over … [Read more...]
Land Registry launches new conveyancing training resources
New recruits to conveyancing will now be able access a package of self-service training materials from HM Land Registry. HM Land Registry Essentials, as well as supporting those new to the sector with practices and processes involved in lodging applications, will also provide a useful refresher … [Read more...]
New plans announced to accelerate development of new homes
Housing and Levelling Up Secretary, Michael Gove, has set out new plans to accelerate the development of new homes in areas where there is already local consent. Proposals aim to focus new development on inner-city and urban areas, rather than eroding countryside at the edges of towns, as well as … [Read more...]
UK SMEs lack IT knowledge to make critical business decisions finds Sharp research
Despite an increase in investment in IT post-pandemic, a majority of IT professionals in UK SMEs admit they aren’t familiar enough with key IT areas such as cloud or IT security to make the right decisions for their business, according to a Europe-wide survey by Sharp. The provider of business … [Read more...]
Inflation fell to 7.9% in June
The annual rate of inflation fell to 7.9% in June, according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The measure of price changes found that the cost of the ONS' basket of goods had increased 7.9% on where it was last year, but just 0.1% on … [Read more...]
UK and Turkey agree to update trade agreement
The UK and Turkey are to begin negotiations to update their existing free trade agreement following the UK's departure from the European Union. The UK-Turkey FTA was rolled over after Brexit, however, it only applies to the import and export of goods, and not services, which comprise around 80% … [Read more...]
VCFSE organisations offered £5.5 million to support clients with tax affairs
HMRC has announced £5.5 million of funding for voluntary, charity, faith and social enterprise (VCFSE) organisations to support clients with their tax affairs. Eligible organisations are being invited to bid for funding through HMRC’s Voluntary and Community Sector Grant Funding programme, worth … [Read more...]
First-of-its-kind degree level space engineering apprenticeship launched
The UK government has announced the launch of a new degree apprenticeship in space engineering to offer more opportunities for people to enter the sector. The Level 6 Space Systems degree apprenticeship programme will create new opportunities with aerospace companies, space agencies, research … [Read more...]
May GDP data reveals stagnation in UK economy
The latest gross domestic product (GDP) data for May 2023 from the ONS shows the UK economy has not grown in the three months to May 2023. Monthly output of the UK economy was down 0.1% in May 2023, following modest 0.2% growth in the previous month. Overall, GDP has increased just 0.1% since … [Read more...]
New service launches to simplify planning appeal process
The Planning Inspectorate has launched a new service to simply the process of making an appeal following a planning decision by local authorities. The new 'Appeal a planning decision' page on the government website adds an improved submission process to make appeals more user-friendly and … [Read more...]
Insolvency service launches online information hub for business owners
The Insolvency Service has launched a new online information hub to support company directors and ensure they meet their statutory obligations. Aimed specifically at the directors of micro-, small and medium-sized limited companies, the guidance and information included on the site hopes to … [Read more...]
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