Government cracks down on late payments

The government has announced a crackdown on late payments to small businesses and the self-employed.

Late payments cost SMEs £22,000 a year on average, according to Smart Data Foundry, while…

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10,000 boost State Pension with online payments

More than 10,000 payments worth £12.5 million have been made through a new digital service to boost people's state pension, HMRC has revealed.

People have until 5 April 2025 to maximise their…

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Business frustrated at halt in rollout of digital trade platform

Import and export businesses are frustrated by the government's decision to pause work on the digital trade platform, according to the Institute of Directors (IoD).

When fully operational,…

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Pension reforms to 'unlock billions' for government growth agenda

New rules that will give more flexibility over how occupational defined benefit pension schemes are managed, according to the government.

The government said this will remove blockages that…

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Business tax compliance costs £15 billion a year

An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).

HMRC's cost of collecting…

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Government calls time on red tape for pubs, clubs, and restaurants

Pubs, clubs and restaurants will benefit from a reduction in the red tape that has stifled hospitality business, the government said.

Action includes moves to improve the application of licensing…

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Coronavirus measure: Statutory Sick Pay from day one

The Prime Minister, Boris Johnson, has announced that employees will be entitled to Statutory Sick Pay (SSP) from day one when self-isolating rather than having to wait until day four under the SSP…

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New tests and new car benefit percentages

As part of its drive to encourage green motoring, the government has introduced a new emissions test, as well as new car benefit percentages. The scale of charges for working out the taxable benefit…

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Government launches support finding tool for business

The UK government launched an online platform to help businesses access financial support during the COVID-19 crisis.

The Coronavirus Business Support Finder Tool will guide businesses through…

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