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Government Announcements

Spotlight - Government Announcements

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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Spending cuts must not hinder growth, says CBI

The government must ensure that the spending cuts to be announced in the forthcoming comprehensive spending review do not put the brakes on economic growth, the CBI has argued.

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Dropping time to train would confirm a commitment to better regulation

The government’s review of planned regulation to give employees the right to request time to train is a litmus test of its commitment to reducing the burden of business regulation, the Institute of Directors (IoD) has said.

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HMRC offers concession on tax error interest payments

Taxpayers who owe HM Revenue and Customs (HMRC) more than £2,000 as a result of PAYE coding errors will not be charged interest on the sums.

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Concerns over centralised PAYE proposal

A leading business group has expressed worries over suggestions that employees’ gross pay could be transferred to a central HM Revenue and Customs’ computer.

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Economy needs to be released from burden of regulation

The government should adopt a radical approach to reversing the rising tide of red tape that the manufacturers’ organisation, the EEF, says is hampering business growth and investment.

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