| 26-02-2025
Inflation figures for January 2025 were released last week and showed a surprising jump to 3.0%, up from 2.5% in December.
| 26-02-2025
Latest figures released by the Office for National Statistics (ONS) show that average wages are continuing to grow faster than inflation. After adjusting for consumer price inflation (CPI), wages rose 3.4% between October
| 26-02-2025
Beginning last week (17 February), Local Authorities were able to begin awarding a 40% reduction in business rates bills to film studios. The tax relief is aimed at boosting the film industry in the UK and contributing
| 18-02-2025
Following the reduction in the Bank of England base rate, HM Revenue & Customs (HMRC) have confirmed that their interest rates will be reduced accordingly. Late payment interest will reduce to 7% from 7.25%.
| 18-02-2025
The UK government is consulting on changes that will require private landlords in England and Wales to meet higher energy performance ratings by 2030. Currently, 48% of all private rented homes have an Energy
| 18-02-2025
The government announced major plans last week to modernise the house buying and selling process. The reforms centre on digitalising and making property and identity data available electronically. This will allow
| 11-02-2025
Legislation was laid before Parliament last week confirming that the new National Living Wage and new Minimum Wage rates will take effect from 1 April 2025. While many businesses are feeling and have expressed
| 11-02-2025
The Charity Commission has issued a warning reminder to large, incorporated charities about changes to the law on preventing fraud. A new failure to prevent fraud offence will come into force on 1 September 2025 for
| 11-02-2025
HM Revenue and Customs (HMRC) have revealed that 37,000 people have plugged gaps in their National Insurance (NI) record since last April, boosting the amount of State Pension they will receive when they reach
| 11-02-2025
The Bank of England reduced their base rate to 4.5% last week, as had been widely expected in the days leading up to the decision. The decision was made by a 7-2 majority. The minority of two members were looking for
| 04-02-2025
The Prime Minister and Chancellor met with business leaders last week and unveiled proposals to give occupational defined
| 04-02-2025
The new economic secretary to the Treasury, Emma Reynolds, has said that there are no plans to regulate businesses, whether big or small, to compel them to accept cash.
| 04-02-2025
The annual self-assessment tax return deadline has just passed, and for many business owners,
| 28-01-2025
There are only a few days left now to file 2023-24 tax returns before the 31 January deadline. Failing to meet the deadline can result in penalties as well as interest on tax that’s paid late.
| 28-01-2025
A report released by the Public Accounts Committee (PAC) has further criticised HM Revenue & Custom’s (HMRC) phone service. It found that nearly 44,000 customers were cut off without warning after being put on hold
| 28-01-2025
Starting from 31 January 2025, entry summary declarations will now be required for goods imported into Great Britain (GB)
| 28-01-2025
Recent economic developments have sparked concerns among UK businesses. Government borrowing costs surged in December to their highest levels in four years, and this has drawn heavy criticism of the Chancellor’s
| 14-01-2025
Tax measures taking effect in April mean that businesses are facing rising wage costs in 2025. As a result, many businesses are looking at whether price increases could help them manage the