News for: General Business News

Businesses have less than one month left before they will only be able to use a Making Tax Digital compatible software to keep VAT records and file returns with HMRC. From 1st November, businesses will no longer be able to use their existing VAT online accounts to submit quarterly and monthly … [Read more...]

The Bank of England has announced it will intervene in steadying financial markets in a bid to ensure continued access to credit for businesses and households. Following the decline of the pound in recent days, UK government bonds have undergone significant repricing, which in the long term could … [Read more...]

HM Revenue and Customs (HMRC) is reminding anyone who needs to complete their first Self Assessment tax return for the 2021 to 2022 tax year to register online before the 5th October. Before taxpayers can complete their first Self Assessment return, they need to register with HMRC to receive … [Read more...]

The Business Secretary has announced the expansion the Start Up Loans programme, an £884 million scheme for new businesses to access finance. Business Secretary Jacob Rees-Mogg has announced that the scheme will now be eligible for businesses trading for up to three years, with new 'second loans' … [Read more...]

This week is the last week when paper £20 and £50 banknotes will be legal tender, with the notes being withdrawn from circulation from 30th September. Businesses will no longer accept this banknotes, featuring economist Adam Smith and engineers Boulton and Watt from Friday 30th September, with … [Read more...]

Chancellor Kwasi Kwarteng has announced a new Growth Plan for the UK economy, unveiling a series of major tax cuts for individuals and businesses. Following the Bank of England's reveal yesterday that it believes the country's economy is now in recession, the Chancellor's 'mini-budget' sets out … [Read more...]

The Bank of England's Monetary Policy Committee has voted to raise base interest rates by 0.5 percentage points to 2.25%. Interest rates now stand at their highest level since the November 2008 during the global financial crisis, although remain well below the double figure rates seen throughout … [Read more...]

Following an announcement earlier this month by Prime Minister Liz Truss, the government has revealed further details of its plans to protect businesses from rising energy bills. Under the Energy Bill Relief Scheme, which will come into effect from October 1st, electricity and gas unit prices … [Read more...]