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Government announces red tape reviews
The Department for Business, Innovation and Skills will launch reviews into cutting red tape in 5 key sectors, Business Secretary Sajid Javid has announced. The reviews will be the first…
Brits unaware of overseas tax rebates
Failing to claim tax rebates on overseas purchases is costing British holidaymakers millions each year, according to research by Direct Line. Of the 2,002 people surveyed, just 8% said they…
Government outlines productivity plans
A comprehensive plan to improve the productivity of UK businesses has been published by the Treasury. The policy document identifies 2 areas that the government regards as key to stimulating…
Dividend tax credits replaced by new allowance
Dividend tax credits will be replaced with a new £5,000 tax-free allowance from April 2016, the Chancellor George Osborne announced during his Summer Budget statement. Under current rules dividend income…
Summer Budget Summary 2015
Free from the constraints of coalition government George Osborne has just delivered his second budget of the year, and the first Conservative budget in almost two decades. In this Summer…
Summer Budget 2015: First Reactions
The Chancellor George Osborne has delivered the first all-Conservative Budget statement in almost 20 years. Here is a collection of snap reactions from the UK’s leading business groups: Federation of…
Standard annuity rate hits 2015 high
The standard annuity rate has increased 5.6% since the 12 May 2015, research by My Pension Expert has found. This is the highest standard annuity rate in 2015 so far….
Government grants for charitable organisations
A £20 million fund to provide grants to around 250 organisations working in the voluntary, community and social enterprise (VCSE) sector has been launched by the government. The Local Sustainability…
Flat rate state pension causes confusion
A third of over 50s say they do not have a clear idea about whether they will be better or worse off under the new flat rate state pension, according…
Start-ups to hit record number in 2015
The number of new start-ups starting business in 2015 is expected to reach a record 600,000, according to StartUp Britain. Figures from the Centre for Entrepreneurs, which administers the scheme,…
Summer Budget must provide stability and certainty, says CBI
The chancellor should use the Summer Budget on Wednesday 8th July to ensure that businesses of all sizes have the stability they need to drive growth, the Confederation of British…
HMRC relaxes PAYE late filing penalties
HMRC will begin relaxing automatic late filing penalties for people who send PAYE information late, officials have indicated. The revenue said it would take a ‘proportionate approach’ instead of issuing…