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Lack of clarity on apprenticeship levy among businesses

39% of business owners still have no understanding of the forthcoming apprenticeship levy, according to research by the British Chambers of Commerce (BCC). 30% of the 1600 medium-sized businesses (employ between 50-249 employees) surveyed will have to pay a levy of...

People uncertain on when they will retire

More than one third of working adults are uncertain on when they will retire, according to research by Platforum. 30% plan to work either full time or part time beyond the state retirement age, which is currently 65. Uncertainty is higher among women with 39% having a...

New Prompt Payment Code measures announced

New measures to support Prompt Payment Code (PPC) have been backed in a letter sent to PPC signatories from Small Business Minister, Margot James and chief executive of the Chartered Institute of Credit Management, Philip King. The letter confirms that paying invoices...

Lifetime ISA details confirmed in Savings Bill

The government has published its Savings Bill covering the details and bonuses to those taking out the Lifetime ISA from April 2017. The Bill confirms individual’s annual contributions of £4,000 per year while receiving a 25% government bonus when funds are put...

Businesses pay £32 billion in corporation tax

Businesses paid a record £32 billion in corporation tax last year, up 8% on the £30 billion paid the previous year, according to Funding Options. Figures from HMRC show that corporation tax receipts have increased every year over a 6 year period. The record figure...