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The British Chambers of Commerce (BCC) has launched a new Economic Advisory Council to 'help develop policies to get the UK economy and businesses growing'.
Following the Bank of England's latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.
The government's Tax-Free Childcare (TFC) initiative helped 649,935 families to save on their childcare costs during the 2022/23 tax year, HMRC has revealed.
Energy bills will fall to £2,074 a year for the typical household from July under the new price cap announced by regulator Ofgem.
Data published by the Office for National Statistics (ONS) has revealed that the UK rate of inflation fell to 8.7% in April from 10.1% in March.
HMRC is reminding employed workers they can claim a refund on work-related expenses on the GOV.UK website.
HMRC is seeking views on measures designed to simply and strengthen the Construction Industry Scheme (CIS).
The British Chambers of Commerce (BCC) has urged the government to 'reconnect with businesses' after it warned that small firms aren't seeing any progress on removing the barriers to growth.
The number of self assessment taxpayers filing their tax return on the first day of the tax year has more than doubled since 2018, HMRC has revealed.
The number of people paying income tax at 40% or above will reach 7.8 million by 2027/28, according to research published by the Institute for Fiscal Studies (IFS).
A survey carried out by Purbeck Personal Guarantee Insurance has suggested that half of small business owners have had their mental health adversely affected by financial concerns.
The Institute of Chartered Accountants in England and Wales (ICAEW) has written to HMRC regarding how Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) can be molded to better suit the needs of small property businesses and the self-employed.
UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow rising prices.
The Federation of Small Businesses (FSB) has urged energy suppliers to renegotiate fixed contracts for small firms on market-peak tariffs.
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