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Business News

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Business News

No ‘convincing case’ for digital UK currency, says House of Lords committee

Creating an official digital currency in the UK could pose significant risks to banks, a House of Lords committee has warned. The Lords Economic Affairs Committee said introducing a Central…

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18/01/2022
Business News

Consumer group urges taxpayers to avoid using refund firms to claim tax rebates

Consumer group Which? has urged taxpayers to avoid using so-called 'refund firms' to claim tax rebates. Which? stated that people are losing hundreds of pounds by using third-party companies to…

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17/01/2022
Business News

Government launches consultation on global minimum tax for multinationals

The government has launched a consultation on the framework for rolling out the 15% global minimum tax on profits which will be payable by the largest multinationals from 2023. The…

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14/01/2022
Business News

COVID-19 support grants must be included on company tax returns

HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and stated that the grants and payments are taxable. The deadline…

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13/01/2022
Business News

More than one million will be dragged into higher rate tax bracket, research suggests

The Treasury's decision to freeze income tax thresholds will drag over one million people into the higher rate tax band over the next four years, according to research commissioned by the…

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12/01/2022
Business News

More than half of SMEs ‘confused about plans to level up the UK’

Research published by Nucleus Commercial Finance has revealed that over half of small and medium-sized enterprises (SMEs) in the UK are confused about the government's plans to 'level up' the…

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11/01/2022
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