MTD for ITSA may come a year earlier

Many self-employed individuals may have to conform with Making Tax Digital for income tax self-assessment (MTD for ITSA) a year earlier than planned. Many unincorporated businesses were planning for the changes to apply from accounting periods that start on or after 6...

Govt. introduces £750m live events insurance scheme

The live events sector is getting a boost with a Government-backed insurance scheme worth over £750 million to help them plan events with confidence through to the next year, Chancellor Rishi Sunak has announced. As part of the Government's ‘plan for jobs', the live...

Output per hour grew fastest in North West in 2020

Labour productivity grew by 4.6% in the North West in 2020 compared with 2019, the fastest in the UK and far ahead of the UK average of 0.4%, data from the Office for National Statistics reveals. Productivity growth was also especially pronounced in Northern Ireland...

Employers fined for underpaying workers

The Government has named 191 employers who have underpaid workers £2.1 million between 2011 and 2018, a list that includes "major household names". Named employers have since been fined an additional £3.2m for failing to pay over 34,000 employees at least the minimum...

Think tank predicts cut to UK’s tourism trade deficit

The boom in ‘staycation' holidays will provide respite for the UK's travel and hospitality sectors with West Wales, Devon, Cornwall and the Lake District benefitting the most, research by the Resolution Foundation shows. With 60 countries on the Government's red list,...