Business News

19 Jun 2018

Report suggests payments by card are 'now more popular than using cash'

A report published by trade association UK Finance has revealed that, by the end of 2017, more payments were made using debit cards, at 13.2 billion payments, than payments made using cash, which totalled 13.1 billion payments.

18 Jun 2018

UK tax gap 'falls to £33bn'

Recent figures from HMRC have revealed that the UK 'tax gap' equated to 5.7% of total tax liabilities for the 2016/17 tax year.

15 Jun 2018

Government to require businesses to justify executives' salaries

New plans outlined by the government could require large businesses to justify executives' salaries.

14 Jun 2018

Inheritance tax 'unnecessarily complicated', states AAT

The Association of Accounting Technicians (AAT) has stated that inheritance tax (IHT) is 'unnecessarily complicated' and 'widely misunderstood'.

13 Jun 2018

UK small firms 'unprepared for business interruption', FSB warns

The Federation of Small Businesses (FSB) has warned that the majority of UK small firms are 'unprepared' for disruption risks that internal and external threats pose.

12 Jun 2018

GDPR fines 'could increase cybercrime ransom demands'

As a result of the introduction of the General Data Protection Regulation (GDPR) last month, cybersecurity firm CrowdStrike has warned that businesses may be lured into paying cyber ransom demands to criminals, rather than pay costly GDPR fines.

11 Jun 2018

Study suggests many individuals 'plan to work past retirement age'

A study carried out by insurance company Prudential has suggested that a significant number of employees are planning to work past their state pension age.

08 Jun 2018

Artificial intelligence 'will be critical to firms' survival', survey suggests

Artificial intelligence (AI) will be 'critical' to firms' survival over the coming five years, a survey carried out by software firm SAP has suggested.

07 Jun 2018

Business group urges government to increase VAT registration threshold

The Association of Independent Professionals and the Self-Employed (IPSE) has urged the government to increase the VAT registration threshold in order to 'stimulate small business growth and encourage innovation'.

06 Jun 2018

Business group calls on large firms to 'lead the way' in tackling late payment

The Federation of Small Businesses (FSB) has urged large businesses to take immediate action to end the 'culture of late payment, poor payment practice and supply chain bullying'.

05 Jun 2018

Rising fuel prices adversely affecting UK businesses, industry warns

The motoring industry has warned that rising prices for both petrol and diesel are adversely affecting UK businesses.

04 Jun 2018

Significant number of UK firms affected by cyber-attacks and breaches, survey finds

A survey carried out by the Department for Digital, Culture, Media and Sport (DCMS) has revealed that a significant number of UK businesses have been affected by cyber-attacks and breaches over the past 12 months.

01 Jun 2018

Self-employed individuals 'unfazed by Brexit', study suggests

A study carried out by mortgage lender Kensington Mortgages has suggested that a significant number of the UK's self-employed workers are 'unfazed' by Brexit.

31 May 2018

OTS publishes review into the taxation of savings income

The Office of Tax Simplification (OTS) has published a comprehensive review into the taxation of savings income.

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