Business news

The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

Majority of SMEs do not insure key employees

30% have lost a key person for 3 months or more.

Government begins process to reverse ‘staircase tax’

‘Unfair rates hike’ will be removed to benefit businesses.

SMEs to get help with late payments

Preventing late payments could save £2.5 billion a year.

HMRC warns of gift card tax scam

‘Ruthless’ fraudsters target over-65s and the vulnerable.

Employers adopt transparent approach to pay

More pay rises determined by performance and competency.

R&D expenditure credit to increase in new year

RDEC tax relief rises from 11% to 12% on 1 January 2018.

Auto-enrolment may expand to 18-year-olds

900,000 younger workers can save into a workplace pension.

Most small businesses are not ready for MTD

2 in 5 want guidance on complying with new requirements.

Scotland brings in new income tax bands

Tax rise on higher earners funds cut for lower earners.

Scottish businesses oppose income tax rise

SME owners in Scotland favour more rates and bands.

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