News

Managing costs to offset spiralling inflation – Our top tips for cutting your bills
22 June 2022

A leading business organisation has highlighted the problems faced by industry after new figures show a steep rise in business costs. According to figures from the Office for National Statistics (ONS), producer input price inflation stands at a record-high 18.6 per cent, and the consumer prices index at nine per cent and could go higher.
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Take action – Loans to small businesses drop to record low
22 June 2022

Research from the Federation of Small Businesses (FSB) shows that successful applications for finance among members have dropped to the lowest level on record. Conversely, figures from the Bank of England show the annual growth rate of lending to big corporates has increased significantly since the start of the year.
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‘New deal’ for tenants to be delivered in Renters Reform Bill
22 June 2022

The ‘biggest change to rent law in a generation’ will be delivered with the Renters Reform Bill (the Bill). The Government says it says it will improve the lives of millions of renters by driving up standards in the private and social rented sector, delivering on the Government’s mission to level up the country.
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National Insurance thresholds are changing – Are you ready?
22 June 2022

From 6 July 2022, the Primary Threshold (PT) for National insurance will increase to £12,570. This is the threshold at which employees begin paying National Insurance contributions (NICs). This will bring the rate in line with the current rate of personal allowances for income tax and means those earning below this amount...
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Home Office facing probe over post-Brexit EU resettlement scheme
08 June 2022

The Home Office is under investigation over whether it has fulfilled its obligations to EU citizens in this country who are seeking settled status. The inquiry launched by the Independent Monitoring Authority (IMA), the watchdog set up to look after EU citizens’ rights in Britain, will look into allegations...
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Exports have still not recovered to pre-Brexit levels says survey
01 June 2022

UK exports to the EU are still significantly below pre-Brexit levels, according to the Office for National Statistics (ONS). There has been a recovery after a steep drop of 40 per cent in January 2021 at the end of the transition period, according to the figures.
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British science projects hit by Brexit row with EU
27 May 2022

British leadership in prestigious European research projects have been hit by the continuing row over the Northern Ireland Protocol and trade border with the UK. As a result, the EU is preventing British scientists from joining the €95 billion (£80 billion) Horizon Europe research funding programme.
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Make sure you are making the correct PAYE payments to HMRC
23 May 2022

HM Revenue & Customs (HMRC) is issuing fresh warnings to employers to ensure their payment reference numbers are correct so that payments are recognised. Each payment reference number relates to a specific employer and covers a particular accounting period.
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Could Government-backed business loans become permanent?
23 May 2022

Throughout the pandemic and into the current recovery period, the Government has offered a number of loans to help businesses survive and invest for their future. However, only the Recovery Loan Scheme remains open, and this is due to end on 30 June, with no replacement taking its place.
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Working from home tax relief continues, but fewer employees likely to be eligible this year
23 May 2022

HM Revenue & Customs (HMRC) has retained its online portal for claiming working from home tax relief for the 2022/23 tax year. But, while the rules and value of the relief remain unchanged, unless there are any further lockdowns this year far fewer people are likely to be able to claim.
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