Companies House has implemented a new regime of penalties aimed at improving compliance and transparency in the UK’s company register, with a focus on cracking down on misuse and economic crime.
Category: In Business
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Surge in voluntary liquidations sparks abuse of process concerns
A rise in voluntary liquidations is prompting concerns over potential misuse, with experts calling for stricter regulation and reintroduction of percentage fees to ensure proper scrutiny of debts.
HMRC crackdown causes 21% drop in R&D tax credit claims, stifling innovation
HMRC has reported a significant 21% drop in research and development (R&D) tax credit claims for the 2022/23 tax year, with the number of claims falling to 65,690 from 83,240 in the previous year.
Funding Circle co-founder Samir Desai to leave board, marking end of an era
Samir Desai, co-founder of Funding Circle, will step down from the board, ending the involvement of the original founders. The small business lender aims for profitability under new leadership.
Family firms accuse Labour of dishonesty over tax plans, warn of threat to British business
Family-owned businesses accuse Labour of dishonesty over potential tax hikes, warning that changes to inheritance tax reliefs could force closures and threaten British enterprise.
Budget 2024 predictions: potential announcements from Rachel Reeves
As Rachel Reeves prepares to deliver her first budget on October 30, several key predictions have emerged regarding how she might tackle the £22 billion deficit left by the Conservatives.
Business leaders warn Rachel Reeves that raising capital gains tax would stifle UK investment
Businesses backed by BGF warn that raising capital gains tax in the budget could stifle UK investment, potentially hurting job creation and growth, as tech start-ups voice concern.
JCB boosts profits despite global market downturn
JCB defies global market challenges to report a 44% profit surge, driven by strong sales in North America and innovation like the JCB Pothole Pro and hydrogen engines.
Hospitality businesses urged to act on new tipping regulations ahead of October deadline
UK hospitality businesses must prepare for new tipping regulations effective from October 1st, ensuring tips are distributed fairly and transparently to all staff, including those on zero-hours contracts.
Up to 4 million homes could be built on green belt under Rayner’s planning overhaul
Labour’s proposed planning reforms could unlock up to 4 million homes on green belt land, with Angela Rayner spearheading the drive for sustainable development.
UK SMEs remain optimistic, with growth plans driven by AI and customer focus
Optimism among UK SMEs continues to rise for the third consecutive year, with 69% feeling confident about the future. Businesses plan growth, investment, and AI adoption in the year ahead.
Middle-class homeowners put kitchen renovations on hold over fears of tax hikes in autumn budget
Middle-class homeowners are delaying kitchen renovations amid concerns of potential tax increases in the upcoming October Budget, impacting consumer confidence and kitchen retailers.
The rise of AI-fuelled data centres set to transform UK regions
AI is driving unprecedented demand for data centres across the UK. As these facilities expand, they’re reshaping regional economies, creating jobs, and posing challenges for energy infrastructure.
Rachel Reeves urges end to remote working in favour of office return
Rachel Reeves has called on workers to return to the office, emphasising the benefits of in-person collaboration, as she prepares to lay out Labour’s economic vision at the party conference in Liverpool this week.
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