Business News - Moore Thompson
You are here: Home » News & events » Business News

Business News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

UK still struggling with productivity - May 13, 2016
thumb image

The latest figures from the Office for National Statistics (ONS) has shown that labour productivity – measured as output per hour – fell by 1.2 per cent in the final quarter of 2015. During the same quarter both worker and job output remained unchanged however, across all measures, productivity was half a per cent higher … Continue reading UK still struggling with productivity


UK’s small businesses ignoring minor expense claims - May 13, 2016
thumb image

A new report has found that UK freelancers, sole traders and micro-businesses could potentially be failing to claim millions of pounds worth of tax relief from unclaimed expenses they deem too small or time-consuming. Research conducted by FreeAgent, a cloud accounting software provider, has revealed that  around a quarter of a billion pounds worth of expenses … Continue reading UK’s small businesses ignoring minor expense claims


Changes to Employment Allowance - May 13, 2016
thumb image

Significant changes to Employment Allowance that were first announced by the Chancellor in his 2015 Budget came into effect at the start of the new financial year on 6 April. While the maximum reduction to employers’ Class 1 National Insurance Contributions has increased from £2,000 a year to £3,000 a year, directors who are the … Continue reading Changes to Employment Allowance


Personal Service Companies in the Public Sector - May 13, 2016
thumb image

The rules on using Personal Service Companies (PSCs) in the public sector are set to undergo a radical overhaul in 2017. The responsibility for deciding whether the intermediaries legislation applies will move from the person working through their own company to the public sector organisation. The Treasury has increasingly viewed PSCs as a tax avoidance … Continue reading Personal Service Companies in the Public Sector


Credit ratings under threat from unaudited accounts - May 13, 2016
thumb image

Under changes introduced by the Government in January, companies can now legally opt out of auditing their accounts if they fall below the £10.2 million statutory threshold, but they may risk their credit ratings by doing so. Ratings agency Graydons recently told Accountancy Age that firms which opt out are lacking an important form of … Continue reading Credit ratings under threat from unaudited accounts


Strike-offs are being accelerated by Companies House - April 18, 2016
thumb image

Directors have been told that they now have only four months to save their company from being struck-off from the Companies House Register if they do not reply to formal letters from registrars. In a warning to directors, Companies House has said that those who are late in filing their company accounts, and don’t reply … Continue reading Strike-offs are being accelerated by Companies House


1.7 million self-employed to miss out on National Living Wage - April 18, 2016
thumb image

It has been estimated that more than 1.7 million self-employed workers now earn below the new National Living Wage. According to the Social Market Foundation’s (SMF) research this number will eventually rise to 1.9 million by 2020, affecting the 14 per cent of the UK workforce who are self-employed. The SMF’s annual Family Resources Survey … Continue reading 1.7 million self-employed to miss out on National Living Wage


Study reveals UK SME success - April 18, 2016
thumb image

A new report published by insurance and pension provider Standard Life has revealed the key drivers of success for UK SMEs over the next five years. Having polled both SME leaders and employees, the report highlights the fundamental trends of collaboration, empowerment and adaptability as central to growth. SME leaders said the number one priority … Continue reading Study reveals UK SME success


Budget Statement 2016 - March 16, 2016
thumb image

Introduction On 16th March 2016, the Chancellor George Osborne stepped up to the despatch box to deliver his eighth Budget. This was arguably one of the most challenging speeches he has had to deliver since he took charge of the Treasury almost six years ago, made in the shadow of economic uncertainty and an imminent … Continue reading Budget Statement 2016


Companies must record PSCs - March 8, 2016
thumb image

From 6 April 2016, the Small Business, Enterprise & Employment Act 2015 is introducing new rules on identifying and recording who owns and controls UK companies and LLPs. These entities will have to collect and keep information about people with significant control over them (PSCs). This includes those who own or control – either directly … Continue reading Companies must record PSCs


© Copyright Moore Thompson. All rights reserved. | Terms & conditions | Privacy policy | Sitemap
Moore Thompson is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.
Accountants in Spalding | Wisbech | Market Deeping | Lincolnshire | Cambridgeshire | Peterborough
Responsive Menu Image Responsive Menu Clicked Image