1. CBI warns of cost rises if UK strays from EU regulations

    In a new report, the Confederation of British Industry (CBI) has warned the government that costs could rise for businesses if the UK were to diverge from EU regulations. The report states that Brexit ‘presents opportunities for rule changes’ in specific sectors, which could ultimately benefit the UK economy. However,...
  2. Business groups call for ‘urgent reform’ of Apprenticeship Levy

    Business groups, including the Confederation of British Industry (CBI) and the Institute of Directors (IoD), have called for the government to reform its Apprenticeship Levy initiative as experts warn that the scheme could cost UK businesses ‘millions’. The Apprenticeship Levy was introduced in April 2017, and is paid by employers...
  3. New business and tax measures take effect

    A handful of new business and tax measures have come into effect following the start of the 2018/19 tax year, some of which are outlined below. From 6 April, the tax-free Dividend Allowance has been reduced to £2,000 from £5,000. The change has been made in order to ‘address the...
  4. Confidence amongst small businesses is ‘rebounding’, says FSB

    Confidence amongst UK small firms is ‘rebounding’, according to a survey carried out by the Federation of Small Businesses (FSB). In the first quarter of 2018, the FSB’s Small Business Index (SBI), which monitors business confidence, stood at +6, up from -2.5 in the last quarter of 2017. The SBI...
  5. Reviews into UK tax system launched by committee

    The Treasury Committee has launched three reviews into the UK’s tax system and how it operates. Tax avoidance and evasion, the VAT system, and the conduct of tax enquiries and the resolution of tax disputes will be analysed within the reviews, the Committee stated. As part of the review into...
  6. UK wages ‘rising at fastest rate in two years’, data reveals

    Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 2.6% during the three months to January – representing the fastest rate of growth since September 2015. Experts are debating as to whether the latest figures will incentivise the Monetary Policy Committee (MPC)...


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