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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).

29 Feb

Chancellor 'considering national insurance cut' in Spring Budget

Reports have suggested that Chancellor Jeremy Hunt is considering cutting national insurance in the Spring Budget on Wednesday 6 March.

28 Feb

March is top month for Marriage Allowance claims

HMRC has revealed that March is the most popular month for Marriage Allowance applications, with almost 70,000 couples applying in the third month of 2023.

27 Feb

Minister warns 'Tourist Tax' unlikely to be reversed in Spring Budget

The so-called 'Tourist Tax' is unlikely to be reversed in the Spring Budget, Nigel Huddleston, Financial Secretary to the Treasury, has warned.

26 Feb

500 firms named and shamed for underpaying staff

The government recently named and shamed more than 500 UK employers for underpaying their employees.

23 Feb

HMRC publishes guidance on MTD for ITSA for sole traders and landlords

HMRC recently published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.

22 Feb

Less than 3% of individuals paid CGT over decade to 2020, research shows

Research carried out by the London School of Economics has revealed that less than 3% of adults in the UK paid capital gains tax (CGT) over the last decade to 2020.

21 Feb

Number of tax fraud cases opened by HMRC fallen by more than half

The number of civil investigations into alleged tax fraud has fallen by more than a half, data has shown.

20 Feb

Business group urges Chancellor to outline 'sustainable growth plan'

The British Chambers of Commerce (BCC) has urged Chancellor Jeremy Hunt to use the Spring Budget to outline a 'sustainable growth plan'.

19 Feb

AAT outlines top asks in Budget representation

The Association of Accounting Technicians (AAT) has outlined its wishlist for the upcoming Spring Budget on 6 March.

16 Feb

HMRC warns self assessment taxpayers as scam referrals rise

HMRC is warning people to be wary of bogus tax refund offers following the self assessment deadline on 31 January.

15 Feb

UK fell into recession at the end of 2023

The UK economy fell into recession during the final three months of last year, according to the Office for National Statistics (ONS).

14 Feb

Inflation unchanged but remains top concern for business

UK inflation remained unchanged in January at 4% as food prices fell, according to the latest data from the Office for National Statistics (ONS).

13 Feb

British families facing a 'triple savings challenge', Foundation warns

A report published by the Resolution Foundation has warned that UK families are facing a 'triple savings challenge' of insufficient 'rainy day' savings of at least £1,000.

12 Feb

NAO publishes findings on HMRC's monitoring of effectiveness of tax reliefs

The National Audit Office (NAO) has published recommendations on how HMRC monitors the effectiveness of tax reliefs.

09 Feb

'More ambitious approach' needed towards preserving access to cash

The Federation of Small Businesses (FSB) has stated that a 'more ambitious approach' is needed in regard to making sure access to cash is preserved.

08 Feb

Pensions income needed to retire rises

The amount needed for a single person to have a moderate retirement has risen to £31,300, according to the Pensions and Lifetime Savings Association (PLSA).

07 Feb

CBI calls for Chancellor to use Budget to 'build momentum' in the economy

In its Spring Budget submission, the Confederation of British Industry (CBI) has called on Chancellor Jeremy Hunt to 'continue building momentum' in the UK economy and 'put the country on the path to sustainable growth'.

06 Feb

Small businesses 'finding it harder to access finance'

Research carried out by the Federation of Small Businesses (FSB) has found that small firms are struggling to access finance, with the success rate of finance applications falling by 10% in three months.

05 Feb

Record 11.5 million taxpayers file tax returns by 31 January deadline

Data published by HMRC has revealed that a record 11.5 million taxpayers filed their 2022/23 self assessment tax returns by midnight on 31 January.

02 Feb

Interest rates stay at 5.25%

UK interest rates have been left unchanged at 5.25% by the Bank of England.

01 Feb

Employment Allowance should be increased at Spring Budget

The Employment Allowance should be increased to £6,500 in the upcoming Spring Budget, says the Federation of Small Businesses (FSB).

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