Latest News for Business

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05 Aug 2025

HMRC launches online PAYE service

HMRC has launched a new online PAYE service, which it says will give 35 million workers more control over their tax affairs.

05 Aug 2025

Time for taxpayers to get ready for Making Tax Digital for Income Tax

Self-employed taxpayers and landlords should file their 2024/25 tax return early to find out if Making Tax Digital (MTD) will apply to them from next April, says the Low Incomes Tax Reform Group (LITRG).

05 Aug 2025

HMRC sends side hustle warning

HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.

05 Aug 2025

HMRC to fine crypto investors £300 for non-disclosure

UK-based holders of cryptoassets will have to provide personal details to crypto service providers or face penalties of up to £300 from HMRC.

05 Aug 2025

Criminal tax offence plan risks going too far, warns CIOT

HMRC plans to introduce a tax avoidance criminal offence risks overreach, the Chartered Institute of Taxation (CIOT) has warned.

05 Aug 2025

Watch out for Winter Fuel Payment scams

HMRC has issued a warning to be on high alert for scams linked to Winter Fuel Payments after receiving 15,100 reports of bogus activity in June.

05 Aug 2025

IHT on pensions most unpopular of Labour's tax increases

Inheritance Tax (IHT) on pensions is the most unpopular of the tax raising measures introduced by the Labour government during its first year, according to a survey.

05 Aug 2025

Harsh personal guarantees will chill growth ambitions, warns FSB

Personal guarantees risk holding back the growth the economy needs, the Federation of Small Businesses (FSB) has warned.

07 Jul 2025

HMRC system attack is a timely reminder to keep personal data safe

Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals' data and login details.

07 Jul 2025

Government should take more strategic approach to tax policy, says CIOT

The government should take a more strategic approach to tax policy, consulting earlier and giving greater thought to the design of the tax system, says Nichola Ross Martin, President of the Chartered Institute of Taxation (CIOT).

07 Jul 2025

HMRC names and shames over 500 employers for failing to pay NLW

HMRC has named and shamed over 500 UK employers for failing to pay the National Living Wage (NLW) or the National Minimum Wage (NMW).

07 Jul 2025

Government introduces Pension Schemes Bill

The government has introduced the Pension Schemes Bill, which it says will make pensions easier to understand and manage as well as drive better value over the long term.

07 Jul 2025

Tax gap estimated at 5.3%

The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.

07 Jul 2025

UK government launches Industrial Strategy

The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.

07 Jul 2025

FCA in international crackdown on unlawful finfluencers

The Financial Conduct Authority (FCA) joined forces with eight international regulators for a week of action to combat the risks of finfluencers on social media.

07 Jul 2025

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

09 Jun 2025

HMRC launches new online help for compliance checks

HMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.

09 Jun 2025

Record numbers file assessment in first week of new tax year

Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.

09 Jun 2025

Tax and accounting bodies back e-invoicing adoption

The UK's professional tax and accounting bodies have backed the adoption of e-invoicing in their responses to a government consultation.

09 Jun 2025

HMRC cuts late payment interest rate

HMRC will reduce late payment and repayment interest rates from 28 May following the 0.25% cut in the base rate earlier in the month.

09 Jun 2025

Almost half of sole traders unprepared for MTD changes

Almost half of UK sole traders feel unprepared for upcoming Making Tax Digital (MTD) for Income Tax changes, according to research conducted by IRIS Software.

09 Jun 2025

New cryptoasset rules aim to protect consumers

The government is introducing legislation to regulate cryptoassets and improve consumer protection for the asset class.

09 Jun 2025

One in four employers plan to make redundancies in next quarter

The number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic, according to research from the Chartered Institute of Personnel and Development (CIPD).

09 Jun 2025

Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 June 2025.

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05 Aug 2025

HMRC launches online PAYE service

HMRC has launched a new online PAYE service, which it says will give 35 million workers more control over their tax affairs.

05 Aug 2025

Time for taxpayers to get ready for Making Tax Digital for Income Tax

Self-employed taxpayers and landlords should file their 2024/25 tax return early to find out if Making Tax Digital (MTD) will apply to them from next April, says the Low Incomes Tax Reform Group (LITRG).