Latest News for Business

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06 Jan 2026

Inheritance Tax reliefs threshold to rise to £2.5 million for farmers and businesses

The level of the Agricultural Property Relief (APR) and Business Property Relief (BPR) thresholds will be increased from £1 million to £2.5 million, the government has announced.

06 Jan 2026

E-invoicing will be fundamental change for VAT-registered businesses

The mandatory introduction of e-invoicing for all VAT-registered businesses selling to UK business customers from April 2029 will be a fundamental change, says the Chartered Institute of Taxation (CIOT).

06 Jan 2026

MTD penalties waived for first year of Income Tax

Self assessment taxpayers due to join Making Tax Digital (MTD) for Income Tax next April will not face penalties if late filing quarterly updates.

06 Jan 2026

Salary sacrifice changes will impact over three million employees

The removal of full tax-free salary sacrifice on pensions with a new £2,000 limit will hit over three million employees at 290,000 companies, according to government figures.

06 Jan 2026

Spring Statement set for 3 March 2026

The Spring Statement has been scheduled for 3 March 2026 by the Chancellor of the Exchequer Rachel Reeves.

06 Jan 2026

£725 million UK apprenticeship overhaul targets youth unemployment

A £725 million package of skills reforms to the apprenticeship system with the aim of helping to tackle youth unemployment and drive economic growth, has been announced by the UK government.

06 Jan 2026

HMRC offers time to help pay self assessment tax bills

HMRC is offering self assessment taxpayers a reminder that help is available to manage their tax bill.

06 Jan 2026

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

06 Dec 2025

Chancellor raises £26 billion in Autumn Budget

Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget.

06 Dec 2025

Christmas crafters urged to check tax rules

HMRC is urging those making money from Christmas crafts, seasonal market stalls, or selling festive items to check if they need to report their earnings.

06 Dec 2025

CIOT calls for implementation of IHT transitional gifting rule

The Chartered Institute of Taxation (CIOT) has urged the government to implement a transitional rule to allow older farmers and other business owners to gift assets to the younger generation.

06 Dec 2025

Self-employed overcounted for decades by official data

Official statistics have overstated the size of the UK's self-employed population for two decades, according to the Institute for Fiscal Studies (IFS).

06 Dec 2025

Bank deposit protection limit to be increased to £120,000

UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail.

06 Dec 2025

UK could fall behind in net zero race, BCC warns

The British Chambers of Commerce (BCC) has warned that the UK could fall behind in the race to achieve net zero.

06 Dec 2025

AI will shrink headcount as hiring confidence remains at record low

One in six employers expect AI to shrink their workforce over the next year, with junior roles most at risk.

06 Dec 2025

Advisory fuel rates for company cars

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

05 Nov 2025

Chancellor should use Budget to reform tax system, IFS says

Chancellor Rachel Reeves should use the Autumn Budget to reform the UK's tax system, says the Institute for Fiscal Studies (IFS).

05 Nov 2025

HMRC to resume taking tax owed by debtors directly from their bank accounts

HMRC has resumed its programme allowing direct recovery of money from debtors' bank accounts.

05 Nov 2025

Countdown to Vaping Products Duty begins

There is now less than a year until the UK Government introduces Vaping Products Duty (VPD) and vaping duty stamps (VDS) on 1 October 2026.

05 Nov 2025

Expert Advisory Panel to provide industry insight on R&D tax relief

HMRC has appointed six independent industry specialists to a new Research and Development (R&D) Expert Advisory Panel.

05 Nov 2025

Digitally excluded can apply for MTD for Income Tax exemption now

HMRC has opened up a service for landlords and self-employed to apply for exemption from Making Tax Digital (MTD) for Income Tax phase one.

05 Nov 2025

New tax avoidance law risks missing target, warns CIOT

New legislation aimed at tackling rogue tax agents and those pushing tax avoidance schemes won't catch all of those it is aimed at, warns the Chartered Institute of Taxation (CIOT).

05 Nov 2025

Over 750,000 young people yet to claim savings

Over 750,000 18-to-23-year-olds have yet to claim their matured Child Trust Funds, according to HMRC.

05 Nov 2025

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

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