Government Announcements

Spotlight - Government Announcements

Treasury launches pension exit fees review

An immediate government consultation will investigate whether pension exit fees should be cut or capped, the Treasury has announced.

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New commissioner to help SMEs tackle late payment

A new Small Business Commissioner will assist SMEs in resolving disputes with large businesses under draft government proposals.

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Government outlines productivity plans

A comprehensive plan to improve the productivity of UK businesses has been published by the Treasury.

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Tax on large firms to fund apprenticeships

A new tax will be levied on large companies to help deliver the government's target of 3 million new apprenticeships by 2020, the Chancellor announced during the summer Budget statement.

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HMRC relaxes PAYE late filing penalties

HMRC will begin relaxing automatic late filing penalties for people who send PAYE information late, officials have indicated.

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Apprenticeships to be given legal protection

The government has kicked off its plans to create 3 million new apprenticeships by granting the term legal protection, the Department for Business, Innovation and Skills has announced.

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Free childcare plans brought forward

Government plans to extend free childcare provisions for working families have been brought forward to 2016.

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Small Business Act becomes law

A range of measures aimed at supporting the UK's small business sector have become law as the Small Business, Enterprise and Employment Act gained royal assent.

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National minimum wage to rise to £6.70

The national minimum wage for adults will increase by 20p to £6.70 on 1 October 2015, the government has announced.

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Chancellor shakes up annuity market

Annuity holders will be able to sell their retirement income without incurring a 55% tax charge under plans announced by the Chancellor George Osborne.

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