Latest News for Business

Click on a headline to read the full story. Click here to subscribe to our monthly newsletter.

07 Apr 2025

Minimum wage rose on 1 April

Increases to the National Living Wage and National Minimum Wage took effect from 1 April.

07 Apr 2025

No further tax increases in Spring Statement

Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.

07 Apr 2025

Finance Act 2025 receives Royal Assent

The first Finance Act of the Labour government has gained Royal Assent and passed into law.

07 Apr 2025

Side hustle trading threshold raised to £3,000 per year

The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.

07 Apr 2025

Financial benefit of MTD could be as high as £915 million

The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC.

07 Apr 2025

Chancellor unveils plan to cut red tape

Chancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth.

07 Apr 2025

Employment reforms continue to stifle business hiring intentions

The government's employment reforms are causing employers to put their hiring plans on hold, according to the Institute of Directors (IoD).

09 Mar 2025

Government consults on mandatory e-invoicing

The government has launched a consultation on plans for the rollout of electronic invoicing (e-invoicing) in the UK.

09 Mar 2025

Proposed HMRC powers to collect data on hours worked scrapped

The government has stopped controversial plans to collect information about the exact hours worked by every employee in PAYE returns.

09 Mar 2025

Business tax compliance costs £15 billion a year

An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).

09 Mar 2025

Tailored tax reliefs boost alcohol sector

The government has introduced a package of support that it says will help the alcohol sector to grow.

09 Mar 2025

Businesses warn of National Insurance 'powder keg'

The overwhelming majority of businesses say the rise in employers' NICs will force them to change their plans, according to research by the British Chambers of Commerce (BCC).

09 Mar 2025

HMRC cuts late and repayment interest rates

HMRC will reduce late payment and repayment interest rates from 25 February following the cut in the base rate.

09 Mar 2025

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

09 Mar 2025

Advisory fuel rates for company cars

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

Archive News

Click here to access our full archive

07 Apr 2025

Minimum wage rose on 1 April

Increases to the National Living Wage and National Minimum Wage took effect from 1 April.

07 Apr 2025

No further tax increases in Spring Statement

Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.