top of page

Latest News

30 Sept 2024

Businesses targeted for NMW compliance

Enforcement will focus on 11 specific regions: Belfast, Birmingham, Bradford, Cardiff, Cornwall, Cumbria, East Anglia, Glasgow, Liverpool, the North East, and Watford.

Businesses targeted  for NMW compliance

23 Sept 2024

HMRC cuts late payment interest rate

0.25% reduction for late and repayment interests. The Bank of England (BoE) cut the base rate to 5.0% on 1 August, the first reduction in over four years.

HMRC cuts late payment interest rate

12 Sept 2024

CGT take falls by £2.5 billion

Only 369,000 taxpayers paid CGT in 2023, resulting in a £2.5bn drop in revenue to £14.4bn.

CGT take falls by £2.5 billion

4 Sept 2024

Bank of England cuts interest rates

The vote to lower the interest rate to 5.0% was close, with five members voting in favour and four against.

Bank of England cuts interest rates

30 Aug 2024

Council tax debt crisis escalates

Debt charity StepChange reports a 50% rise in the average debt among its clients, from £1,146 in 2019 to £1,726 in 2023.

Council tax debt crisis escalates

22 Aug 2024

London ranked 8th most expensive global city

Soaring rents and inflation have driven the price surge as London now ranks eighth in the global cost-of-living index, one spot higher than last year.

London ranked 8th most expensive global city

13 Aug 2024

Labour's landmark election victory

Labour’s campaign pledged not to raise National Insurance, income tax, or VAT, yet it proposed significant tax reforms.

Labour's landmark election victory

6 Aug 2024

HMRC inheritance tax recovery soars

Targeted efforts yield high returns from unpaid IHT as HMRC recovers £285 million from 3,028 investigations.

HMRC inheritance tax recovery soars

28 Jul 2024

Media sector faces scrutiny from HMRC

A survey by RSM revealed that 40% of media firms had filed an R&D claim in the past year, but only 24% of these were approved without dispute.

Media sector faces scrutiny from HMRC

18 Jul 2024

Only 13% of bounce back loans paid off

£46.9 billion was lent during Covid under the scheme. While nearly three-quarters of borrowers are on track to repay, a significant £40.9bn remains outstanding.

Only 13% of bounce back loans paid off

9 Jul 2024

House prices rise slightly again

The average cost of a home now stands at £264,249, marking a 1.3% increase year-on-year.

House prices rise slightly again

30 Jun 2024

HMRC contacts pending ROR claimants

Provisional claimants are urged to make a valid claim by 31 January 2025.

HMRC contacts pending ROR claimants

23 Jun 2024

MPs warn unfair banking is harming small firms

The Treasury Committee says confidence among SMEs has fallen.

MPs warn unfair banking is harming small firms

16 Jun 2024

SME energy standing charges are too high

Some SMEs’ costs have risen by more than 1000%. Nearly two-thirds of these businesses cite utility costs as a key factor driving higher expenses.

SME energy standing charges are too high

9 Jun 2024

UK predicted slowest growth among rich nations

GDP is expected to rise by only 1% in 2025, below other G7 nations such as Canada, France, Germany, Italy, Japan and the US.

UK predicted slowest growth among rich nations

2 Jun 2024

House prices fall for the second month in a row

House prices fell by 0.4% in April to £261,962, following a 0.2% drop in March.

House prices fall for the second month in a row
bottom of page