Author Archives for: Susan

MPs urge government to make ‘radical improvements’ to apprenticeship programme

MPs have urged the government to make ‘radical improvements’ to its apprenticeship programme, after finding that small employers are ‘missing out’ on the benefits associated with apprenticeships. In a new report, the Public Accounts Committee (PAC) revealed that the number of apprenticeship starts fell by 26% following the introduction of the Apprenticeship Levy. The Committee [&hellip
Read More →

Millennials living in ‘relative poverty’, according to think tank

A report published by think tank the Resolution Foundation has suggested that 22% of ‘millennials’ – those born between 1981 and 2000 – are living in ‘relative poverty’. ‘Relative poverty’ is defined as living on less than 60% of median income. The report stated that government policies on housing have seen housing costs absorb ‘an [&hellip
Read More →

Banking code offering ‘increased protection from criminals’ takes effect

From 28 May 2019, a new ‘banking code’ designed to offer consumers ‘increased protection from criminals’ takes effect. Consumer group Which? recently revealed that £674 is lost every minute via bank transfer scams. The new code requires banks and payment providers to follow a ‘new set of standards’ in order to offer ‘better protection’ to [&hellip
Read More →

OTS calls for review of PAYE system

In a new report, the Office of Tax Simplification (OTS) has called for the Pay as You Earn (PAYE) system to be reviewed, to ensure tax agents can ‘see relevant client information’ and ‘access a number of key services’.   The report suggested that tax agents ‘don’t always have full access to their clients’ PAYE records’. [&hellip
Read More →

CBI calls for UK firms to ‘improve people management practices’

A report published by the Confederation of British Industry (CBI) has suggested that UK businesses could potentially add up to £110 billion to the UK economy by ‘improving their people management practices’. The report stated that employers understand the importance of effectively leading and engaging with their employees. However, the report also suggested that firms [&hellip
Read More →

ATT suggests couples ‘could be affected’ by increase in stamp duty for non-residents

The Association of Taxation Technicians (ATT) has suggested that couples in England and Northern Ireland could be affected by a proposed increase in stamp duty for non-UK residents purchasing residential property. A consultation published recently by HMRC states that non-UK residents purchasing residential property in England or Northern Ireland will be charged an additional 1% [&hellip
Read More →

FSB urges government to create ‘small business plan for Europe’

The Federation of Small Businesses (FSB) has published a comprehensive ‘small business plan’, outlining a host of reforms to help ‘unlock the potential of Europe’s small businesses’. It is urging the government to follow suit and produce its own plan. In its plan, the FSB puts forward recommendations for enhancing productivity, boosting growth through trade, [&hellip
Read More →

Cuts to grants ‘affecting sales of electric cars in the UK’

A report published by the European Automobile Manufacturers’ Association (EAMA) has suggested that sales of electric cars in the UK are being affected by the government’s decision to reduce the grant for buyers of so-called ‘green’ vehicles. In the Autumn of 2018, the government made the decision to slash the grant for buyers of electric [&hellip
Read More →

Government launches consultation on Companies House reforms

The government has launched a consultation on new Companies House reforms, including a ‘major upgrade’ of its register. The consultation aims to tackle misuse of the register. It also strives to provide business owners with ‘greater protection from fraud’. Some of the key measures proposed by the government include a ‘robust’ identity check for company [&hellip
Read More →

CIOT warns Digital Services Tax ‘not a cure for struggling high streets’

The Chartered Institute of Taxation (CIOT) has warned that the government’s planned Digital Services Tax (DST) won’t serve as a cure for the UK’s ‘ailing high streets’. From April 2020, the DST will apply a 2% tax to the revenues of certain digital businesses. A double threshold will exist, meaning that businesses will have to [&hellip
Read More →