Business development

Widespread pay sacrifices 'save' jobs

It has been estimated that a half of UK employees have made some form of pay sacrifice during the recession in an effort to preserve jobs.

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'Time to pay' scheme might become more demanding

Firms that want to agree an extended timetable for paying their tax bills under the Business Payment Support Service might be faced with more stringent questioning from HM Revenue and Customs.

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Rise in national insurance contributions could pressure wages

The Chancellor’s decision to increase national insurance contributions might see a squeeze on wages, a think tank has warned.

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Simplified regulations cutting business costs

Measures aimed at reducing the administrative burden of complying with business regulations are now saving UK firms significant sums each year.

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Changing back to the old rate of VAT

On 1 January 2010, the standard rate of VAT reverts to 17.5 per cent after a period of 13 months at 15 per cent.

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Businesses get extra time to update VAT prices

Businesses are to get additional time in which to update price labels after the rate of VAT reverts to 17.5 per cent.

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Pre-Budget Report 2009: business reaction

Business groups greeted the Chancellor’s pre-Budget Report with a mixture of encouragement and dismay.

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Pre-Budget Report 2009: an overview

The Chancellor, Alistair Darling introduced a pre-election pre-Budget Report to the Commons that would, he said, “build a strong economy and a fair society”.

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Pre-Budget Report 2009: business tax

To the relief of smaller firms, the Chancellor has deferred the planned rise in the rate of small companies’ corporation tax.

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