Industry News

Chancellor suggests ‘staircase tax’ could be abolished

Chancellor Philip Hammond has suggested that the so-called ‘staircase tax’ could be abolished by the end of this year. During a Treasury Select Committee hearing, the Chancellor admitted that the tax has been putting additional stress on businesses. He told the Committee that he is ‘certainly looking at’ the legislative steps that can be taken […]


CBI publishes Autumn Budget submission

The Confederation of British Industry (CBI) has published its Autumn Budget wishlist, outlining a range of measures that it believes will help the UK to ‘grow its way out of austerity’. The business group has highlighted a host of strategies, designed to fuel business investment, spur innovation and promote competitiveness in the UK tax system. […]


Individuals ‘should be set pensions savings targets’ to secure comfortable retirement

The Pensions and Lifetime Savings Association (PLSA) has called for savings targets to be put into place in order to help individuals save adequate funds for their retirement. According to research published by the PLSA, more than 13 million people have not saved enough for a comfortable retirement. In addition, 78% of people aged between […]


‘Progressive’ property tax regime for Wales set to be implemented

From April 2018, individuals seeking to buy residential property in Wales will pay little or no tax on the purchase, under plans announced in the Welsh Draft Budget 2018-19. Stamp Duty Land Tax (SDLT) will be replaced in Wales by a new Land Transaction Tax (LTT) on 1 April 2018. Under the new LTT rules, […]


Significant number of UK workers ‘considering setting up a side business’

Research carried out by domain registrar GoDaddy has suggested that a significant number of UK workers are considering setting up a business in addition to working their usual day job. Nearly a fifth of those surveyed have contemplated starting up a business on the side, GoDaddy revealed. The survey found that ‘side businesses’ help individuals […]


IoD outlines Autumn Budget proposals

In its Budget submission, the Institute of Directors (IoD) has outlined a range of proposals on the subjects of fiscal policy, business investment and infrastructure. The IoD has urged the government to ensure that Brexit is not used as ‘an excuse for delaying much-needed and overdue broad-based reform’ of the UK tax system during the […]


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