Latest News for Business

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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.

07 Oct 2025

Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget

Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a 'level playing field' and protect workers' pay.

07 Oct 2025

Budget Board must focus on easing the cost of doing business, says IoD

The government's Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD).

07 Oct 2025

Chancellor to explore reforms to business rates on second premises

Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury.

07 Oct 2025

Covid repayment window opens

The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with 'no questions asked'.

07 Oct 2025

Companies face prosecution risk as new fraud law comes into force

Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a new corporate offence.

07 Oct 2025

Lowering VAT threshold would be manifesto breach, warns IPSE

Lowering the threshold for VAT registration in the Autumn Budget would breach Labour's manifesto, IPSE, the Self-Employed Association has warned.

07 Oct 2025

AI to boost trade by nearly 40% by 2040 if gaps are bridged, says WTO

Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by nearly 40% by 2040 thanks to productivity gains and lower trade costs, according to a World Trade Organization (WTO) report.

07 Oct 2025

Failed housing transactions cost £1.5 billion a year

Failed housing transactions cost consumers and the economy at least £1.5 billion every year, according to research published by Santander.

08 Sep 2025

Autumn Budget to be delivered on 26 November

The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced.

08 Sep 2025

Over 850,000 self employed to be pulled into first phase of Making Tax Digital

HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for Making Tax Digital (MTD) for Income Tax when it comes into force.

08 Sep 2025

Homebuyers get bogus SDLT claims warning

Homebuyers are being warned to avoid Stamp Duty Land Tax (SDLT) scams, following a landmark Court of Appeal decision.

08 Sep 2025

Crackdown on late payments launched in plan to back small businesses

The government is set to tackle late payments to businesses with significant legislative reforms.

08 Sep 2025

SME exporters hit by new US customs charges

President Trump's decision to charge import duties for low value goods entering the US is a major blow to the UK's SME exporters, says the British Chambers of Commerce (BCC).

08 Sep 2025

HMRC splits advisory fuel rates for electric cars

HMRC has split fuel advisory rates for electric cars depending on where drivers charge their company cars due to the price discrepancy between home and public chargers.

08 Sep 2025

Advisory fuel rates for company cars

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

08 Sep 2025

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

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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.