Lowering the threshold for VAT registration in the Autumn Budget would breach Labour’s manifesto, IPSE, the Self-Employed Association has warned. IPSE says that the government is in a bind both politically and economically. Having ruled out tax rises on ‘working people’ and hiking employer National Insurance contributions (NICs) the Chancellor’s options are limited. IPSE asks,… Read more…

Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a new corporate offence. The offence will hold large organisations to account if they profit from fraud. It forms part of wider measures introduced by the government to tackle fraud and protect the UK economy.… Read more…

The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with ‘no questions asked’. The government says that over £10 billion was lost to pandemic fraud, flawed contracts and waste under the previous government’s pandemic era procurement… Read more…

Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury. Currently when a business opens a second property, they will lose access to all Small Business Rates Relief (SBRR) unless they meet specific conditions, holding businesses back… Read more…

The government’s Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD). The board has been created to link top ministers and 10 Downing Street officials with the Treasury in the run up to the Autumn Budget on 26 November. The board will meet weekly and will be… Read more…

Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a ‘level playing field’ and protect workers’ pay. The Resolution Foundation said the Chancellor should make a 2p cut to NICs as well as a 2p rise in Income Tax in the Autumn Budget. The think tank… Read more…

The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced. The Office for Budget Responsibility’s latest outlook for the economy and public finances will be released on the same day. The Budget outlines the government’s plans for raising or lowering taxes and sets out its spending… Read more…