Business bank to lend £3.9 billion to SM

Business bank to lend £3.9 billion to SMEs The new state-backed business bank will offer £3.9 billion of capital to boost lending to small and medium sized businesses, business secretary Vince Cable has unveiled. The institution will bring together £2.9billion of existing Government capital and £1billion of new capital set aside for alternative lending channels …

Relaxation of RTI reporting arrangements

Relaxation of RTI reporting arrangements for small businesses Small employers who pay staff on a daily or weekly basis are to be given more time to report employee earnings via the new Real Time Information (RTI) system, HMRC has announced. The relaxation of reporting arrangements comes just weeks before RTI is due to be officially …

Budget 2013: announcements for businesse

Budget 2013: announcements for businesses A new allowance for employers' National Insurance contributions and an accelerated reduction in corporation tax to 20 per cent from April 2015 were some of the key announcements for businesses in Chancellor George Osborne's Budget 2013. They form part of a Budget described as being for 'people who aspire to …

Budget 2013: Support for childcare and m

Budget 2013: Support for childcare and mortgages announced Measures to help individuals get onto the housing ladder and an acceleration in the tax-free personal allowance increase were among the personal finance highlights in Chancellor George Osborne's 2013 Budget. The announcements come alongside measures announced earlier in the week, including the bringing forward of the single-tier …

Budget 2013 – Key announcements The Chan

Budget 2013 - Key announcements The Chancellor George Osborne delivered his 2013 Budget speech to the House of Commons on 20 March 2013. He said it was a Budget that recognised that Britain was an "aspiration nation" and was for those who aspire to "own their own home, get their first job, and start their …

Budget 2013: expectations George Osborne

Budget 2013: expectations George Osborne will deliver his fiscal plans for the year ahead against stalling economic growth, which remains well below pre-2008 levels. We take a look at what businesses and consumers want from the Chancellor's fourth Budget announcement. Business expectations UK business groups are calling for more measures to reduce business rates and …

Record number of self-assessment tax ret

Record number of self-assessment tax returns filed on time Are you one of the 9.61 million people who filed their tax return on time this year? HMRC data reveals that this year marked the largest number of individuals ever to get their returns in on time, before the two deadlines; 31 October for paper returns …

High earners reminded of child benefit c

High earners reminded of child benefit charge People receiving child benefit, who have an income of over £60,000, are being reminded to opt out of receiving payments before 28 March in order to avoid paying a new charge by self-assessment tax return. The reminder from HMRC follows the introduction of the High Income Child Benefit …

Growing optimism amongst small businesse

Growing optimism amongst small businesses Small businesses in the UK are showing signs of growing optimism ahead of the Chancellor's 20 March Budget, a report from the Federation of Small Businesses (FSB) has found. The Voice of Small Business survey, which questioned 2,686 people in the first quarter of 2013, found that business confidence increased …

SME exporters unaware of government supp

SME exporters unaware of government support Small- and medium-sized enterprises (SMEs) are largely unaware of the export support available to them from government, according to a report from the House of Lords (HoL) Committee on SMEs. Despite the fact that the UK's 4.8 million SMEs have a vital role to play in the Government's push …