Business Regulation

HMRC tax fraud strategy criticised by committee

HMRC is not doing enough to tackle tax fraud, according to a report by the Public Accounts Committee.

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Quarterly business tax returns questioned by independent watchdog

The Administrative Burdens Advisory Board, an independent oversight body for HMRC, has “significant concerns” about the government’s plans to introduce quarterly digital tax returns for businesses.

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Millions of self-employed to miss out on National Living Wage

1.73 million self-employed workers will continue to be paid below the national living wage when it comes into effect from April 2016, according to research by the Social Market Foundation.

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Businesses call for clarity on apprenticeship levy

Businesses are calling for more clarity on the logistics and affordability of apprenticeship levy.

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Employers feel the cost of auto-enrolment

Auto-enrolment has had a financial impact on more than two thirds of employers. In a report by the CIPD, 70% of the employers had to take the financial cost of auto-enrolment into consideration.

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FSCS changes reduce deposit compensation limit

The deposit compensation limit protected by the Finance Services Compensation Scheme has been reduced to £75,000.

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Businesses optimistic heading into 2016

Optimism among businesses rose in the final quarter of 2015 to 73%, according to research from Grant Thornton’s International Business Report.

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Scale-up businesses contribute billions to economy

3,000 growing medium-sized businesses contributed £59 billion to the UK economy between 2010 and 2013.

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Business closures at lowest rate since 2008

The number of business starting operations increased by 1.2% from 346,000 to 351,000 between 2013 and 2014.

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Demand for employer-supported volunteering not being met

Business and charities are not working together to deliver volunteering opportunities to their employees.

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