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Business News

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Business News

HMRC clarifies off-payroll rules

HMRC has published a briefing on its approach to the changes to off-payroll working rules, commonly known as IR35, which will be introduced on 6 April 2021. Reiterating its advice…

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18/02/2021
Business News

IFS urges Chancellor to outline economic recovery plans in upcoming Budget

The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the upcoming Budget to set out plans for an economic recovery from the coronavirus (COVID-19) pandemic. The…

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17/02/2021
Business News

Over half a million businesses could collapse without further support

Almost 600,000 UK employers are at risk of business collapse in the spring if there is no extension of government coronavirus (COVID-19) support, according to a new report by the…

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16/02/2021
Business News

Clarity needed on taxation of COVID test costs, says ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to confirm whether coronavirus (COVID-19) antigen tests paid for by employers will continue to be exempt from…

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15/02/2021
Business News

UK economy shrank by record 10% in 2020

The UK economy shrank by almost a tenth in 2020 as the coronavirus (COVID-19) pandemic adversely affected businesses, according to the latest figures from the Office for National Statistics (ONS).…

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12/02/2021
Business News

IoD calls for government to put entrepreneurs at heart of economic recovery

In its 2021 Budget submission, the Institute of Directors (IoD) has urged the government to put entrepreneurs 'at the heart' of the economic recovery from the coronavirus (COVID-19) pandemic. The…

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11/02/2021
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