The Office for Budget Responsibility (OBR) has warned that public borrowing could double next year as a result of a no-deal Brexit. If the UK does secure an advantageous Brexit deal, borrowing is likely to reach £29.3 billion, the OBR stated. However, if the UK leaves...
The Pensions Regulator (TPR) was warned that businesses cannot avoid their workplace pension responsibilities by changing their company name. TPR claims that some employers are committing offences by creating new businesses, transferring their workforce and...
The government claims that there will be a so-called ‘plastic packaging tax’ introduced in 2022. The government has also stated that plastic packaging accounts for 44% of the plastic used in the UK. The UK generates over 2 million tonnes of plastic...
HMRC is urging firms to register for Making Tax Digital (MTD) for VAT before the VAT filing date on the 7th August. Revenue & Customs stated that ‘many of the 1.2 million businesses affected by MTD’, which came into place for VAT periods on 1st April...
The UK’s economic growth is ‘stalling’ amid a ‘manufacturing slowdow’, warns the British Chambers of Commerce. The BCC’s most recent Quarterly Economic Survey gave evidence that the balance of manufacturing firms reporting improved...
Insurer Hiscox has published data which reveals that 61% of small UK firms have experienced a debilitating cyber-attack in the last year. The data found that the cost of dealing with a cyber-attack has sky rocketed for many small businesses. It also suggested that...
