Businesses have until 31st March 2023 to ensure information about their property is correct before a new non domestic rating list takes effect. The non domestic rating list sets out the rateable values for non-domestic properties in England and Wales and is used to calculate business rates owed … [Read more...]
News for: General Business News
Inflation slowed slightly in December, latest ONS figures reveal
The latest Consumer Price Index (CPI) data for December has been released by the ONS, showing that the annual rate of inflation slowed slightly on the previous month but remains in double figures. Analysis of prices for a range of consumer products shows that goods cost on average 10.5% more in … [Read more...]
Single-use plastics ban to take effect from October 2023
A wide range of single-use plastic products will be banned for use in England from October 2023, the Environment Secretary Thérèse Coffey has announced. Following a public consultation last year, the 2020 ban on plastic cotton buds, drinks stirrers and straws will be extended to include larger … [Read more...]
Majority of employers hold positive view of veterans, finds new poll
A UK-wide poll of over 12,000 employers and members of the public has revealed that a majority hold a positive view of veterans. The study, carried out by polling company YouGov, into perceptions of former military personnel found 71% of employers believe veterans have a strong work ethic, while … [Read more...]
Retailers celebrate strong festive performance despite postal strikes affecting online sales
A number of major retailers have announced strong sales figures, particularly in physical stores, over the Christmas period. Tesco, Sainsbury's and Marks and Spencer have all revealed strong trading for groceries in the run-up to Christmas. Tesco, the UK's largest retailer, shared that it saw … [Read more...]
Government unveils new Energy Bills Discount Scheme for businesses
The government has confirmed its new Energy Bills Discount Scheme due to come into effect to support non-domestic energy customers when the current scheme ends at the end of March 2023. The new scheme will provide support for an additional year through to 31st March 2024, discounting high energy … [Read more...]
Levelling Up Home Building Fund opens to SME housebuilders
The government's Levelling Up Home Building Fund has opened to improve access to finance for SME housebuilders, offering development loans from £250,000. The scheme has the dual aim of helping to ensure more homes are built in all parts of England to meet the nation's housing needs, while also … [Read more...]
SMEs forecasting 10% growth in profits in 2023, finds HSBC
Research by high street bank, HSBC, has revealed that UK SMEs are forecasting increases in profits and revenues in 2023 despite economic woes. Amid the threat of a recession, more than one in three business owners (38%) are forecasting a 10% jump in profits, rising to two-thirds (67%) for the … [Read more...]
Post-Brexit rules for business subsidies come into effect
Following the UK's exit from the European Union (EU), new rules governing how local authorities and national government can provide subsidies to business in need have come into effect. The new regime will give local authorities greater freedom to support key local industries or businesses in need … [Read more...]
Bank of England reveals new King Charles III banknotes
The Bank of England has unveiled designs for banknotes featuring King Charles III, which will enter circulation by mid-2024. Notes featuring the new monarch will be printed only to replace work banknotes or to meet any overall increase in demand, meaning those with the late Queen Elizabeth II … [Read more...]
Alcohol duty frozen until August 2023
A freeze in alcohol duty is to remain in place until 1st August 2023, the government has confirmed, before a simplified system for taxing alcohol takes effect. Alcohol duty had been due to rise from February 2023, but the decision has been made to cancel the rise in order to provide further … [Read more...]
Government announces timetable for Self Assessment taxpayers to prepare for Making Tax Digital
Making Tax Digital (MTD) compatible software will be mandatory for Income Tax Self Assessment taxpayers from April 2026. Self-employed individuals and landlords with earnings over £50,000 will need to keep digital records of income and expenses, and make quarterly updates to HMRC from April 2026. … [Read more...]
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