Business News

A round up of topical news articles.

Brexit - transition period

The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020.

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Scottish Budget

Minister for Public Finance and Digital Economy, Kate Forbes, delivered the 2020/21 Scottish Draft Budget on Thursday 6 February 2020.

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Budget Day 11 March

Chancellor Sajid Javid has announced that he will deliver the 2020 Budget on Wednesday 11 March 2020.

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A decade of bizarre excuses and expense claims

Vengeful witches and pet hamsters feature in HMRC's list of imaginative excuses and expense claims.

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Off-payroll working

HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year.

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Tax relief on professional fees and subscriptions

Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations.

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Changes to overdraft fees

The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.

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New right to paid parental bereavement leave

The government has confirmed that parents who suffer the loss of a child will be entitled to two weeks' statutory leave.

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Chancellor announces Budget date

Chancellor Sajid Javid has announced that he will deliver the 2020 Budget on Wednesday 11 March 2020.

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Minimum wage rates announced

The government has announced the largest increase since the National Living Wage was introduced two decades ago.

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Review of the Disguised Remuneration Loan Charge

The government has announced it will make a number of changes to the loan charge rules.

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Chancellor commits to review of IR35

The Chancellor of the Exchequer has announced that the major review of all aspects of self-employment will include the proposed extension of the Off-Payroll working rules to the private sector.

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