Business News

HMRC clarifies tax rules for WFH commuting

26 Apr 2024

HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home.

UK borrowing £7.6 billion lower than last year, data shows

25 Apr 2024

Figures have shown that UK borrowing over the last financial year was £7.6 billion lower when compared to the year before.

Inheritance tax receipts hit a record high of £7.5 billion

24 Apr 2024

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.

Small firms confused over upcoming import rules

23 Apr 2024

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).

HMRC launches MTD for Income Tax pilot

22 Apr 2024

HMRC's pilot scheme for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) launches today (22 April).

Umbrella company regulation in 'precarious position', warns IPSE

19 Apr 2024

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.

Business price pressures persist, warns BCC

18 Apr 2024

Business price pressures persist despite the UK's inflation rate falling to its lowest level since September 2021.

UK inflation falls to lowest level since September 2021

17 Apr 2024

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).

Small firms 'treading water' on investment, BCC warns

16 Apr 2024

The British Chambers of Commerce (BCC) has warned that UK small firms are 'treading water' on investment.

Government must 'ensure growth among small firms is nurtured', says FSB

15 Apr 2024

The Federation of Small Businesses (FSB) has urged the government to ensure that small business growth is 'nurtured rather than left to wither'.

Only five MTD for ITSA software products ready for testing

12 Apr 2024

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.

More than seven million adults still struggling to pay bills, finds FCA

11 Apr 2024

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).

IR35 reforms taking their toll on skilled contractors

10 Apr 2024

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).

PAC challenges HMRC on governance and accountability of MTD

09 Apr 2024

The Public Accounts Committee (PAC) has challenged HMRC on the governance and accountability of the Making Tax Digital (MTD) initiative.

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