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Government Announcements

Spotlight - Government Announcements

Majority of employers not ready for pension reforms

Just 20 per cent of the UK’s smaller employers have started to assess the likely financial impact of planned major reforms to the pensions system.

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Savings to get better protection

Savers are soon to enjoy a higher level of protection should the bank, building society or credit union which holds their money go under.

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HMRC to look at centralising PAYE tax system

HM Revenue and Customs (HMRC) is considering proposals that would see the tax authority given the power to calculate and deduct PAYE taxes centrally.

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Immigration caps may hit UK jobs market

Government plans to limit non-EU migration to the UK could have an adverse effect on the economy, it has been claimed.

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HMRC may write off significant sums in tax

HM Revenue and Customs (HMRC) may have to look at writing off £1.5 billion in unpaid tax, it has been claimed.

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Graduate tax would harm UK competitiveness

A mooted tax on graduates would be damaging to the tax competitiveness of the UK economy, the Institute of Directors (IoD) has argued.

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Top rate tax to remain

The UK’s new top rate tax of 50 per cent will remain for the foreseeable future, the Business Secretary, Vince Cable has said.

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Banking sector needs more competition

The Federation of Small Businesses (FSB) has urged the government to take action to introduce more competition into the banking system.

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Business views sought on changes to customs law

HM Revenue and Customs (HMRC) has created a questionnaire allowing firms, particularly smaller businesses, to share their views on changes to customs laws.

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