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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:

Autumn Budget 2017 - November 22, 2017
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When Chancellor Philip Hammond stepped up to the despatch box, he would have been acutely aware of the pressure he was under. Some 24 hours before the Chancellor was due to open his famous red box, the Office for National Statistics (ONS) confirmed a wider deficit than anticipated for October. Ahead of the Budget, business … Continue reading Autumn Budget 2017


Cybersecurity failings are rife amongst UK SMEs - November 17, 2017
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UK-based SMEs are not doing enough to ensure the data they hold is secure, it has been reported. Findings from a newly-published report show that more than two out of three SMEs considered that there was room for improvement in protecting their business data, while four out of 10 questioned said they did not have … Continue reading Cybersecurity failings are rife amongst UK SMEs


Deadline to comply with new trusts rules extended until 2018 - November 17, 2017
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The deadline to register new trusts and estates under new rules has been extended until the start of 2018, following complaints that the original deadline was too ambitious, potentially leaving many unable to comply. Under the new rules, trusts and estates that have a tax liability are required to register with the HMRC trusts and … Continue reading Deadline to comply with new trusts rules extended until 2018


Britain’s small business economy is expected to grow nearly a fifth by 2025 - November 17, 2017
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The UK’s small business economy is expected to grow by nearly a fifth in total by 2025, but some areas are predicted to grow much quicker than others. The predictions result from a survey by Hampshire Bank Trust and the Centre for Economics and Business Research (CEBR). The CEBR research predicts that alongside the growth … Continue reading Britain’s small business economy is expected to grow nearly a fifth by 2025


Inaugural Autumn Budget date announced - October 17, 2017
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The Chancellor, Philip Hammond, has announced that the first Autumn Budget to take place since the set-piece statement’s move to the end of the year will be on Wednesday 22 November 2017. Mr Hammond announced at the Autumn Statement in 2016 that there would no longer be two major fiscal statements each year. This means … Continue reading Inaugural Autumn Budget date announced


The Finance Bill is back and little has changed - October 17, 2017
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Earlier this year the Government announced that a number of the controversial provisions within its Finance Bill would be dropped ahead of June’s snap general election to ensure an easy passage to Royal Assent. Making Tax Digital and a number of other flagship proposals were subsequently left by the wayside, creating a great deal of … Continue reading The Finance Bill is back and little has changed


Admin takes up 120 days every year for UK small businesses - October 17, 2017
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Research published in September has found that 5.6 per cent of working time at small businesses in the UK is spent on back-office and admin tasks. This time could be worth as much as £33 billion a year. According to the report, “Sweating the Small Stuff: the impact of the bureaucracy burden”, accounting tasks were … Continue reading Admin takes up 120 days every year for UK small businesses


All change for the UK’s cash - October 17, 2017
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It’s all change when it comes to cash. Last month saw the introduction of a new £10 note and this month sees our last chance to spend the old round £1 coin. Following on from the new Churchill £5 note, the new £10 note is made from the same polymer material, with sophisticated built-in security … Continue reading All change for the UK’s cash


Late payments damage the UK economy, research shows - October 17, 2017
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Late payments are a headache that most small businesses are familiar with, but new research shows that late payments create problems for the economy as a whole. Figures published by the Department for Business, Innovation and Skills show that UK SMEs are losing £250 billion in cash flow as a consequence. Because SMEs tend to … Continue reading Late payments damage the UK economy, research shows


Government begins to play its hand at the Brexit negotiation table - September 25, 2017
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The Government has begun to publish a number of position papers which aim to set out how it intends to negotiate with the EU during the Brexit process. The proposals, released at the end of August, set out how the trade in goods and services between the European market and the UK should continue once … Continue reading Government begins to play its hand at the Brexit negotiation table


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