Business news
The latest business, tax and economic developments
In the world of business news, it’s easy to feel slightly overwhelmed, as you’re constantly bombarded by alerts and stories, half of which hardly relate to you. We feel that way sometimes, too. That’s why we created our business news section – dedicated to regular business owners like you. With one story a day with only the essentials, you’ll be able to keep up with the biggest business, tax and economic developments of the day.
Sunak expected to extend stamp duty holiday
The threshold has been temporarily increased to £500,000.HMRC waives 5% late payment penalty
Payments should be made by 1 April 2021 to avoid fine.Treasury delays business rates review
Report pushed back due to pandemic uncertainty.HMRC confirms 12-month ‘soft landing’ for IR35
New reforms to go ahead as planned on 6 April.IFS: Sunak should look to the Budget to secure recovery
The Budget will be delivered on 3 March 2021.Stamp duty deadline threatens transactions
Stamp duty holiday is due to end on 31 March 2021.Setting and reviewing employee pay
Determining your employees’ pay rates for 2021/22.IPPR: 600,000 firms could collapse without further support
Up to nine million jobs may be affected without an extension.VAT reverse charge reminder
The charge comes into effect from 1 March 2021.Record annual slump for UK economy in 2020
COVID-19 prompts UK GDP to fall by 9.9%.