Latest News for Business

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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.

06 May 2025

Sole traders and landlords get Making Tax Digital warning

Sole traders and landlords with an income over £50,000 have been warned that there is less than a year before they will be required to use Making Tax Digital for Income Tax (MTD for IT).

06 May 2025

Loan charge review calls for evidence

The independent review into the loan charge has issued a call for evidence with examples of promotional material and marketing leaflets a priority for the review team.

06 May 2025

Companies House begins to verify identities

A new service has been launched that allows individuals to verify their identity directly with Companies House through GOV.UK.

06 May 2025

Chancellor unveils plans to maintain level playing field for British business

Chancellor Rachel Reeves has said British businesses will be supported to trade freely as she takes action on practices that undercut fair trade, such as the dumping of cheap goods into the UK.

06 May 2025

Tax red tape costs small businesses nearly £25 billion a year

Tax compliance costs the UK's small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).

06 May 2025

Government calls time on red tape for pubs, clubs, and restaurants

Pubs, clubs and restaurants will benefit from a reduction in the red tape that has stifled hospitality business, the government said.

06 May 2025

Government taking right approach to tariff negotiations

The UK government is taking the right approach to tariff negotiations with the US despite downgrades to the economic outlook, says the British Chambers of Commerce (BCC).

06 May 2025

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

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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.