HMRC clarifies tax rules for WFH commuting
HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home.
26 Apr 2024
Read More
UK borrowing £7.6 billion lower than last year, data shows
Figures have shown that UK borrowing over the last financial year was £7.6 billion lower when compared to the year before.
25 Apr 2024
Read More
Inheritance tax receipts hit a record high of £7.5 billion
Data published by HMRC has revealed that inheritance tax (IHT) receipts rose to a record high of £7.5 billion in the 2023/24 tax year.
24 Apr 2024
Read More
Small firms confused over upcoming import rules
The government has been accused of confusing small firms before new import rules on plant and food products are introduced, according to the Federation of Small Businesses (FSB).
23 Apr 2024
Read More
HMRC launches MTD for Income Tax pilot
HMRC's pilot scheme for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) launches today (22 April).
22 Apr 2024
Read More
Umbrella company regulation in 'precarious position', warns IPSE
Government proposals to enact a due diligence regime for the umbrella company market are in a 'precarious position, unless government shows some urgency, the Association of Independent Professionals and the Self-Employed (IPSE) has warned.
19 Apr 2024
Read More
Business price pressures persist, warns BCC
Business price pressures persist despite the UK's inflation rate falling to its lowest level since September 2021.
18 Apr 2024
Read More
UK inflation falls to lowest level since September 2021
The UK's annual inflation rate fell in March for a second consecutive month, dropping to 3.2%, according to the latest figures from the Office for National Statistics (ONS).
17 Apr 2024
Read More
Small firms 'treading water' on investment, BCC warns
The British Chambers of Commerce (BCC) has warned that UK small firms are 'treading water' on investment.
16 Apr 2024
Read More
Government must 'ensure growth among small firms is nurtured', says FSB
The Federation of Small Businesses (FSB) has urged the government to ensure that small business growth is 'nurtured rather than left to wither'.
15 Apr 2024
Read More
Only five MTD for ITSA software products ready for testing
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that just five Making Tax Digital for income tax self assessment (MTD for ITSA) software products are ready for beta testing on 22 April.
12 Apr 2024
Read More
More than seven million adults still struggling to pay bills, finds FCA
Around 7.4 million people in the UK struggled to pay a bill or a credit repayment in January, according to the Financial Conduct Authority (FCA).
11 Apr 2024
Read More
IR35 reforms taking their toll on skilled contractors
One in ten highly skilled freelancers are currently out of work due to the impact of reforms to IR35 tax legislation, according to research published by the Association of Independent Professionals and the Self-Employed (IPSE).
10 Apr 2024
Read More
PAC challenges HMRC on governance and accountability of MTD
The Public Accounts Committee (PAC) has challenged HMRC on the governance and accountability of the Making Tax Digital (MTD) initiative.
09 Apr 2024
Read More