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18 Apr

Business price pressures persist, warns BCC

Business price pressures persist despite the UK's inflation rate falling to its lowest level since September 2021.

17 Apr

UK inflation falls to lowest level since September 2021

The UK's annual inflation rate fell in March for a second consecutive month, dropping to 3.2%, according to the latest figures from the Office for National Statistics (ONS).

16 Apr

Small firms 'treading water' on investment, BCC warns

The British Chambers of Commerce (BCC) has warned that UK small firms are 'treading water' on investment.

15 Apr

Government must 'ensure growth among small firms is nurtured', says FSB

The Federation of Small Businesses (FSB) has urged the government to ensure that small business growth is 'nurtured rather than left to wither'.

12 Apr

Only five MTD for ITSA software products ready for testing

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that just five Making Tax Digital for income tax self assessment (MTD for ITSA) software products are ready for beta testing on 22 April.

11 Apr

More than seven million adults still struggling to pay bills, finds FCA

Around 7.4 million people in the UK struggled to pay a bill or a credit repayment in January, according to the Financial Conduct Authority (FCA).

10 Apr

IR35 reforms taking their toll on skilled contractors

One in ten highly skilled freelancers are currently out of work due to the impact of reforms to IR35 tax legislation, according to research published by the Association of Independent Professionals and the Self-Employed (IPSE).

09 Apr

PAC challenges HMRC on governance and accountability of MTD

The Public Accounts Committee (PAC) has challenged HMRC on the governance and accountability of the Making Tax Digital (MTD) initiative.

08 Apr

Accessing finance getting more difficult for SMEs

Accessing finance is becoming more difficult for a large number of small and medium-sized enterprises (SMEs), according to new data from the British Chambers of Commerce (BCC).

05 Apr

Government urged to reform Landfill Tax

Think tank Localis has urged the government to reform Landfill Tax to help cut down on waste crime and illegal activity by organised gangs.

04 Apr

Government urged to implement reforms to R&D tax system

A report by the Suffolk Chamber of Commerce has urged the government to urgently implement reforms to Research and Development (R&D) tax relief in order to avoid 'hurting small companies'.

03 Apr

1.6 million pensioners expected to fall into income tax net, according to research

An analysis by the House of Commons library has revealed that up to 1.6 million pensioners are expected to fall into the income tax net in the next four years.

02 Apr

Research suggests SMEs are 'bracing' themselves for tough months ahead

Research carried out by Prism Solutions has suggested that UK small and medium-sized enterprises (SMEs) are bracing themselves for a 'tough few months' ahead.

28 Mar

AI could replace up to 8 million UK jobs, warns report

Up to eight million UK jobs are at risk from the rise of artificial intelligence (AI), according to a report by the Institute for Public Policy Research (IPPR).

27 Mar

NMW is the 'single most successful economic policy in a generation', says think tank

The introduction of the UK's National Minimum Wage (NMW) in 1999 is the single most successful economic policy in a generation, according to the Resolution Foundation.

26 Mar

HMRC's services having a negative impact on SME productivity

The productivity and efficiency of SMEs is suffering as a result of poor HMRC services, according to members of the Association of Chartered Certified Accountants (ACCA).

25 Mar

Small businesses still hampered by late payments, warns FSB

Small UK firms are still being hampered by late payments, warns the Federation of Small Businesses (FSB).

22 Mar

Interest rate decision prolongs uncertainty for firms, warns BCC

The Bank of England's decision to hold interest rates at 5.25% prolongs the period of uncertainty for firms, warns the British Chambers of Commerce (BCC).

21 Mar

HMRC halts helpline closures

HMRC has halted its plans to restrict taxpayer helplines and direct people to online services instead.

20 Mar

HMRC closes self assessment helpline for six months a year

HMRC will close its self assessment helpline for six months every year and urge taxpayers to use its online services instead.

19 Mar

Number of company insolvencies rises by 17%

Data published by the Insolvency Service has revealed that the number of company insolvencies in England and Wales rose by 17% in February 2024 when compared to the same month last year.

18 Mar

New HMRC R&D tax relief guidance 'could be clearer', says ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has stated that new guidance from HMRC on research and development (R&D) tax relief guidance 'could be clearer'.

15 Mar

HMRC urges working families to save on childcare costs

HMRC is urging working parents to make use of its Tax-Free Childcare (TFC) scheme to help save on Easter childcare costs.

14 Mar

New measures aim to 'break the spell' of fraudsters

New measures aim to 'break the spell' of financial fraudsters by giving payment providers more time, according to draft legislation published by the government.

13 Mar

UK economy returns to growth

The UK's economy returned to growth in January, according to the latest data from the Office for National Statistics (ONS).

12 Mar

Budget introduces increase in Landfill Tax rates

The Chancellor's recent Spring Budget introduced a 21% rise in Landfill Tax rates, with the standard rate set to increase to £126.15 in 2025/26.

11 Mar

UK workers 'face 20 years of pay stagnation', Foundation warns

The Resolution Foundation has warned that the UK is facing almost 20 years of lost pay growth.

08 Mar

Think tank warns Budget tax cuts will not compensate for price rises

The Institute for Fiscal Studies (IFS) has warned that the tax cuts announced in the 2024 Spring Budget will not compensate for tax rises and price increases.

07 Mar

View our 2024 Spring Budget Report

Chancellor Jeremy Hunt delivered his 2024 Spring Budget speech yesterday, outlining a range of financial measures.

07 Mar

Chancellor introduces new ISA in Spring Budget

Chancellor Jeremy Hunt used the 2024 Spring Budget to introduce a new 'UK ISA', which will allow an additional £5,000 annual investment in UK equities to be made tax-free.

06 Mar

Jeremy Hunt cuts NICs again in the Spring Budget

The Chancellor made further changes to NICs following the cuts made in the Autumn Statement 2023. The rates for NICs will be cut by two percentage points for both employees and the self-employed from 6 April 2024.

06 Mar

2024 Spring Budget - the business reaction

Business groups have reacted to Chancellor Jeremy Hunt's Spring Budget speech.

06 Mar

2024 Spring Budget - the political reaction

Addressing the House of Commons, Chancellor Jeremy Hunt used the 2024 Spring Budget to announce a 'Budget for long-term growth'.

06 Mar

2024 Spring Budget - the economic picture

Within his Spring Budget speech, Chancellor Jeremy Hunt announced that the UK economy is set to grow 'slightly faster than expected'.

06 Mar

2024 Spring Budget - what to expect

Chancellor Jeremy Hunt will present the 2024 Spring Budget today. We will keep you up to date on the key Spring Budget announcements and supply a summary, which will appear on our website.

05 Mar

Reports suggest air travel tax could rise in Spring Budget

Chancellor Jeremy Hunt could raise revenue on Air Passenger Duty (APD) in the Spring Budget, reports suggest.

04 Mar

Chancellor 'considering scrapping non-dom tax rules' in Spring Budget

Chancellor Jeremy Hunt is reportedly considering scrapping the non-dom tax status in the upcoming Spring Budget.

01 Mar

HMRC's tough approach to IR35 has 'chilling effect' on economic activity, warns IPSE

HMRC's tough approach to enforcing the IR35 rules is having a 'chilling effect' on legitimate economic activity, warns the Association of Independent Professionals and the Self-Employed (IPSE).

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