HMRC is reminding self-assessment taxpayers that they must declare any Covid-19 payments on their 2021-22 tax returns. More than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022. These grants are taxable and should be declared on tax … [Read more...]
News for: General Business News
£59 billion in assets sitting idle in UK businesses, finds new research
£59 billion could be sitting idle in UK businesses that are holding on to working assets and equipment they no longer need, according to new research commissioned by Ramco. In a survey, conducted by Censuswide for the circular economy specialists, two thirds of respondents representing around 3.7 … [Read more...]
Rishi Sunak appoints new Cabinet
Following his appointment as Prime Minister and Leader of the Conservative Party, Rishi Sunak has begun appointing his new Cabinet and other Ministers. Sunak's appointments see a number of his Cabinet colleagues during Boris Johnson's premiership return to the top table, while figures from the … [Read more...]
Rishi Sunak becomes new Prime Minister
Rishi Sunak has become Prime Minister following Liz Truss' resignation last week and a brief meeting with King Charles III this morning (25th October). Sunak, who served as Chancellor of the Exchequer throughout the Covid-19 pandemic before stepping down in the summer, was the only candidate left … [Read more...]
Construction sector shows modest pipeline recovery despite gloomy outlook
A modest rise in pipeline activity hints that recovery is on the horizon for the construction sector, finds industry insight experts, Glenigan. In the October 2022 edition of their Construction Review, Glenigan found high materials and energy costs, economic and political chaos and ratcheting … [Read more...]
There are 100 days left to complete Self Assessment tax returns
With 100 days to go until the deadline for online returns, HM Revenue and Customs (HMRC) is reminding Self Assessment customers to complete their tax return. Self Assessment customers have until 31 January 2023 to submit their online return for the 2021 to 2022 tax year. Despite this, 66,000 … [Read more...]
Liz Truss resigns as Prime Minister with replacement to be announced by 28th October
Prime Minister Liz Truss has resigned from the post, with the Conservative Party expected to announce her replacement in an accelerated process to conclude by 28th October at the latest. Liz Truss made the announcement at 1.30pm on 20th October outside 10 Downing Street, where she announced her … [Read more...]
BBC launch campaign to share cost of living support
The BBC has launched a new national campaign to support Britons with the ongoing cost of living crisis, spanning online news, TV and radio services. The campaign will leverage the BBC's reach as the UK's national broadcaster to share tips, advice, solutions on saving money and budget recipes, as … [Read more...]
New bill introduced to ensure minimum service levels during transport strikes
Amid ongoing industrial action affecting rail travellers throughout 2022, the government has introduced a new bill aimed at ensuring a minimum level of service can continue during future transport strikes. The initial rail strikes during June 2022 were estimated to have cost the UK economy up to … [Read more...]
Food price rises drive inflation back up to 10.1%
The Office of National Statistics' (ONS) Consumer Price Index (CPI) measure of inflation rose to 10.1% in September, returning to its July high with continued steep rises in food and drink prices. The 0.2 percentage point increase from August's inflation figure was significantly driven by rising … [Read more...]
Online service launches to help businesses support employees with health conditions and disabilities
The early test version has launched of a new online service to help businesses access information to help support colleagues with health conditions or disabilities at work. The £6.4 million Support with Employee Health and Disability service aims to help create more inclusive work environments … [Read more...]
New Chancellor makes statement on medium-term fiscal plan
Following his appointment on Friday 14th October, new Chancellor of the Exchequer Jeremy Hunt has made an emergency statement on the medium-term fiscal plan. Kwasi Kwarteng was sacked as Chancellor after just 38 days in the job after markets and Conservative backbenchers reacted poorly his … [Read more...]
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