Business News

01 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).

31 Jul 2025

SMEs missing out on £2.7 billion in National Insurance savings

Most UK SMEs are not using salary exchange so are missing out on a potential £2.7 billion in employer National Insurance contribution (NIC) savings, according to insurance broker Howden.

30 Jul 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.

29 Jul 2025

CGT revenue falls by 18%

Statistics published by HMRC have revealed that Capital Gains Tax (CGT) revenue fell by 18% in the 2023/24 tax year.

28 Jul 2025

IFS calls for 'decisive action' to future-proof pension system

The Institute for Fiscal Studies (IFS) has called for the government to take 'decisive action' to ensure the pension system is future-proofed for the next generation.

25 Jul 2025

IHT to be charged on unused pension pots from 2027

The government will charge Inheritance Tax (IHT) on unused pension pots and death benefits from April 2027.

24 Jul 2025

Government urged to 'harness optimism to grow economy'

The British Chambers of Commerce (BCC) has called on the government to harness retail investor optimism to help grow the UK economy.

23 Jul 2025

Government publishes Finance Bill supporting documents

The government recently published draft legislation for Finance Bill 2025-26 for consultation.

22 Jul 2025

Pensioners 'set to be worse off', warns DWP

The Department for Work and Pensions (DWP) has warned that pensioners retiring in 2050 are set to be worse off than those retiring today.

21 Jul 2025

International companies 'underpaid £8.8 billion in tax'

HMRC estimates that US firms underpaid £8.8 billion in taxes in 2024.

18 Jul 2025

More small firms expect to shrink than grow

The proportion of small firms expecting to contract, sell or close outnumbered the percentage hoping to grow, the Federation of Small Businesses (FSB) has warned.

17 Jul 2025

Recruitment static as firms assess NICs impact

Recruitment at UK firms remained static in the second quarter of 2025 as businesses continued to assess the impact of the rise in employer National Insurance contributions (NICs), says the British Chambers of Commerce (BCC).

16 Jul 2025

Inflation rate jumps to 3.6%

Data published by the Office for National Statistics (ONS) has revealed that the UK inflation rate unexpectedly jumped to 3.6% in the year to June.

15 Jul 2025

UK trade stabilises after tariff hit

The UK's goods exports rose by 3.1% in volume in May, with a 4.2% increase to the EU, led by higher fuels, machinery, transport equipment and other manufactured goods, according to the latest data from the British Chambers of Commerce (BCC).

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