News and Articles

26 Jul 2024

Business group outlines five 'key priorities' for removing barriers to trade

The Federation of Small Businesses (FSB) has outlined five 'key priorities' for removing barriers to exporting for small and medium-sized enterprises (SMEs).

25 Jul 2024

A third of individuals using mobile contactless payments, data shows

Data published by UK Finance has revealed that a third of individuals in the UK now use mobile contactless payments.

24 Jul 2024

New skills co-ordination body must 'keep small firms' needs in mind'

The Federation of Small Businesses (FSB) has warned the government that the new skills co-ordination body in England must 'keep small firms' needs and strengths in mind'.

23 Jul 2024

Government urged to remove tax burdens for charities

The government has been urged to remove tax burdens and complexities for charities.

22 Jul 2024

IHT receipts reached £2.1 billion between April and June, data shows

Data published by HMRC has revealed that inheritance tax (IHT) receipts reached £2.1 billion between April and June 2024.

19 Jul 2024

More than 500,000 individuals caught in 60% tax trap

A Freedom of Information (FOI) request has revealed that over half a million people are paying up to 60% tax on the top portion of their pay.

18 Jul 2024

King's Speech unveils raft of bills designed to 'unlock economic growth'

On Wednesday 17 July King Charles III delivered the 2024 King's Speech at the State Opening of Parliament and announced draft laws which include plans to accelerate housebuilding and roll out 'greater devolution' of decision making to metro mayors and combined authorities in England.

18 Jul 2024

Small business tops tax gap defaulters

For 2022/23, the tax gap has increased to a record £39.8 billion, with small businesses being blamed for around 60% of uncollected taxes.

18 Jul 2024

Digital invoicing could prevent invoice fraud

Companies without a digital invoice processing system in place are leaving themselves open to invoice fraud. Over the past year, nearly a third of businesses have been targeted.

18 Jul 2024

Sales suppression one-to-many letter

HMRC has launched a campaign of one-to-many letters given its increasing concern surrounding the electronic suppression of sales (ESS). The campaign targets businesses that might have unpaid taxes due to misuse of their till systems.

17 Jul 2024

Inflation holds steady at 2%

UK inflation held steady at 2% in June, according to the latest figures from the Office for National Statistics (ONS).

16 Jul 2024

Business group calls for King's Speech to drive investment

The British Chambers of Commerce (BCC) has called for growth to be the focus of the upcoming King's Speech.

15 Jul 2024

HMRC launches VAT Registration Estimator

HMRC has launched a digital tool to help businesses estimate what registering for VAT may mean for them.

12 Jul 2024

UK's economic recovery putting down roots

The UK's economic recovery is finally putting down roots after GDP grew faster than expected in May, says the Confederation of British Industry (CBI).