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News

24 February 2010 Plans to extend paid maternity leave passed by EU Draft legislation to extend maternity leave to 20 weeks on full pay has been given the go-ahead by the European Parliament committee. Read More

24 February 2010 New broadband tax 'will not benefit the majority' A group of MPs has expressed further opposition to Government plans to impose a new 'broadband tax' on UK householders. Read More

24 February 2010 Tax exiles 'could face retrospective tax bill' UK citizens who live abroad as tax exiles could find themselves facing a retrospective tax bill stretching back as far as the previous six years, following a recent Court of Appeal ruling. Read More

24 February 2010 ISAs proving ‘increasingly popular’ The popularity of Individual Savings Accounts (ISAs) has burgeoned since they were introduced 10 years ago, a new study has revealed. Read More

17 February 2010 Employers urged to prepare for PAYE changes Employers are being urged to ensure that they are ready for forthcoming changes to the PAYE system. Read More

17 February 2010 Business calls for VAT increase The proposed rise in National Insurance contributions (NICs) should be scrapped in favour of an increase in the standard rate of VAT, a leading business group has argued. Read More

17 February 2010 UK inflation hits 14-month high UK inflation rose to 3.5% in January, representing the fastest annual rise in 14 months, figures from the Office for National Statistics (ONS) have revealed. Read More

10 February 2010 Paternity leave set to extend to six months New fathers will be able to take up to six months of paternity leave, under plans outlined by the Government. Read More

10 February 2010 FSA publishes new guidance on overseas transfers New guidance to help people protect their money when making transfers abroad has been published by the Financial Services Authority (FSA). Read More

10 February 2010 Small businesses 'benefit from £700m of funding' More than £700m of affordable, easy access funding from the European Investment Bank (EIB) has been approved for nearly 3,000 businesses in the UK, the Government has revealed. Read More

3 February 2010 Equality commission launches proposals to benefit older workers The Equality and Human Rights Commission (EHRC) has launched a series of proposals aimed at fundamentally changing employment policies and increasing opportunities for older workers. Read More

3 February 2010 Record number of taxpayers filing returns online The popularity of online filing has increased again this year, with the number of taxpayers choosing to file their self-assessment tax returns online hitting a new record. Read More

3 February 2010 Retailers ‘mitigate impact of VAT increase’ Falling food price inflation and heavy discounting by retailers helped to mitigate the impact of January’s VAT increase, according to the British Retail Consortium (BRC). Read More

27 January 2010 UK recession 'comes to an end' The UK recession has officially ended, figures from the Office for National Statistics (ONS) have confirmed. Read More

27 January 2010 Business group calls for moratorium on 'costly employment law' A new report from the British Chambers of Commerce (BCC) has suggested that forthcoming employment regulations and taxes will cost UK firms as much as £25.6bn over the course of the next four years. Read More

27 January 2010 HMRC system ‘issuing wrong tax codes’, warns tax body Individuals could be paying more tax later this year after HM Revenue and Customs (HMRC) sent out incorrect tax codes, experts have claimed. Read More

20 January 2010 Medical professionals' tax amnesty labelled 'unfair' Tax experts have criticised the new Tax Health Plan for medical professionals, recently unveiled by HM Revenue & Customs. Read More

20 January 2010 Government gives go-ahead for supermarket watchdog A new ombudsman is to be created to oversee relations between large retailers and their suppliers, the Government has confirmed. Read More

20 January 2010 Commission unveils new measures to tackle gender pay gap Employers will be given some protection from investigation if they publish information on their gender pay gap, the Equality and Human Rights Commission has announced. Read More

13 January 2010 Default retirement age could be scrapped Employees should be given the right to continue working beyond the default retirement age, equality minister Harriet Harman has said. Read More

13 January 2010 Duty change comes into effect The threshold at which duty is charged on goods imported from outside the European Union has been increased. Read More

13 January 2010 Government hatches new 'Nest' pension scheme The new Government-backed workplace pension scheme is to be known as the National Employment Savings Trust (Nest). Read More

7 January 2010 Revenue creates new Minimum Wage enforcement team HM Revenue & Customs (HMRC) has created a new enforcement team to crack down on employers who are failing to pay their workers the National Minimum Wage (NMW). Read More

7 January 2010 90% of firms ‘close defined benefit schemes’ Quality pensions in the private sector are in rapid decline, with nine out of 10 defined benefit schemes now closed to new entrants. Read More

7 January 2010 Boiler scrappage scheme comes into effect The new 'boiler scrappage scheme', which offers households in England money off the cost of purchasing a new boiler, has come into effect. Read More