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High earners facing rise in tax investigations by HMRC

30 Jun 2025

A Freedom of Information (FOI) request has revealed that high earners in the UK are facing a significant rise in tax investigations by HMRC as a result of a record-breaking amount raised by compliance revenue.

Windsor Framework starting to fracture the UK Internal Market, warns FSB

27 Jun 2025

The Windsor Framework is creating severe disruption for small businesses and fracturing the UK Internal Market, warns the Federation of Small Businesses (FSB).

HMRC sends side hustle warning

26 Jun 2025

HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.

Brits 'spending more disposable income than a year ago'

25 Jun 2025

Research carried out by Bauer Media Outdoor has revealed that Britons are spending more of their disposable income when compared to a year ago.

UK government launches Industrial Strategy

24 Jun 2025

The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.

Tax gap estimated at 5.3%

23 Jun 2025

The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.

Bank of England holds interest rates at 4.25%

20 Jun 2025

The Bank of England recently held interest rates at 4.25%, with its Governor warning that 'the world is highly unpredictable'.

Third of businesses planning job cuts due to NI rise

19 Jun 2025

Research carried out by market research firm Censuswide has revealed that a third of business owners are planning to cut jobs as a result of rising employer National Insurance Contributions (NICs).

UK inflation slows to 3.4% in May

18 Jun 2025

Inflation in the UK eased to 3.4% last month, down slightly from April's 3.5%, according to the Office for National Statistics (ONS).

HMRC system attack is a timely reminder to keep personal data safe

17 Jun 2025

Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals' data and login details.

Global economy set for weakest run since 2008, warns World Bank

16 Jun 2025

Heightened trade tensions and policy uncertainty are expected to drive global growth down to its slowest pace since 2008, according to the World Bank's latest Global Economic Prospects report.

Economists warn tax hikes likely in the autumn

13 Jun 2025

Following the 2025 Spending Review, experts have warned that Chancellor Rachel Reeves will have to raise taxes in the Autumn Budget to fill a shortfall of up to £23 billion.

UK economy shrunk in April

12 Jun 2025

The UK economy contracted by 0.3% in April as tax increases kicked in and exporters faced uncertainty over US trade tariffs.

Spending review is opportunity to back small business

11 Jun 2025

The government must 'make every taxpayer pound count' in the Spending Review, the Federation of Small Businesses (FSB) has warned.

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