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Latest News for Business (Archive)

April 2025

Minimum wage rose on 1 April
No further tax increases in Spring Statement
Finance Act 2025 receives Royal Assent
Side hustle trading threshold raised to £3,000 per year
Financial benefit of MTD could be as high as £915 million
Chancellor unveils plan to cut red tape
Employment reforms continue to stifle business hiring intentions

March 2025

Government consults on mandatory e-invoicing
Proposed HMRC powers to collect data on hours worked scrapped
Business tax compliance costs £15 billion a year
Tailored tax reliefs boost alcohol sector
Businesses warn of National Insurance 'powder keg'
HMRC cuts late and repayment interest rates
Latest guidance for employers
Advisory fuel rates for company cars

February 2025

Parliamentary watchdog accuses HMRC of deliberately 'degrading' phone services
Government commissions review of the Loan Charge
CIOT calls on government to rewrite unfair VAT rules
Pension reforms to 'unlock billions' for government growth agenda
UK firms expecting slowdown
Employment plan will harm jobs, warns small firms
UK economy returns to growth as inflation dips
IMF upgrades UK's economic outlook

January 2025

HMRC urges self assessment taxpayers to spread the cost
HMRC could save millions of hours with tracking system
Government launches Industrial Strategy Advisory Council
Spring Statement set for 26 March
UK economy shrinks for second month in a row
Cash usage on the rise for second successive year
Over 40,000 file self assessment over the Christmas break
Latest guidance for employers

December 2024

Permanent business rate cut for high street on the way
HMRC warns landlords to disclose earnings
No tax changes for online sellers
Business frustrated at halt in rollout of digital trade platform
Employer NICs rise may have unforeseen consequences
Scams warning as self assessment deadline looms
HMRC late payment interest cut
Advisory fuel rates for company cars

November 2024

Chancellor promises to drive growth and raises £40 billion in taxes
Autumn Budget - the business reaction
National Living Wage rises by 6.7%
New tipping law comes into force
Make Work Pay threatens employment and growth warns FSB
New Growth and Skills Levy must end 'cycle of failure'
10,000 boost State Pension with online payments
Latest guidance for employers

October 2024

IPSE calls for fairer off-payroll rules in Budget
Billion-pound tax bombshell to hit hospitality, warns trade body
Reforms to IHT, CGT and NI 'could raise over £20 billion a year'
Government announces apprenticeship reforms
HMRC urged to take action to defuse side hustle time bomb
£5.5 billion lost as a result of tax evasion
Young people reminded to reclaim government savings
Government cracks down on late payments

September 2024

HMRC failing on responsiveness, says Charter report
HMRC sends 'nudge letters' to crypto investors
HMRC late payment interest cut
Scrap fuel duty cut, says RAC
Freelancers want to see fairer, simpler tax system from Autumn Budget
UK has record number of self-employed workers aged 60 or over
Advisory fuel rates for company cars
Latest guidance for employers

August 2024

Chancellor takes difficult decisions as Budget date set
King's Speech pledges to secure economic growth
HMRC launches VAT Registration Estimator
UK announces National Wealth Fund
British Business Bank launches Growth Guarantee Scheme
HMRC to send Simple Assessment tax statements to pensioners
UK's economic recovery putting down roots
Latest guidance for employers

July 2024

Business ready to work in partnership with Labour government
Tax gap at record high
HMRC has not fined a single enabler of offshore tax evasion
UK economy grew by more than previously estimated during first quarter
Average earnings just £16 a week higher than 2010
EU trade deal not working for UK business, warns BCC
UK's investment rates worse than every other G7 country
Savers dangerously underestimating minimum cost of retirement

June 2024

Next government will need to build trust between HMRC and self-employed
Revitalise 'Brand Britain', says CBI
HMRC error means self-employed workers could lose out on state pension
Taxpayers spend total of 800 years waiting to speak to HMRC
Retirees report £119,000 shortfall in pension savings
300,000 file tax returns in the first week of the tax year
Inflation falls after UK moves out of recession
Advisory fuel rates for company cars

May 2024

MTD for Income Tax pilot now live
IR35 reforms taking their toll on skilled contractors
Government urged to implement reforms to R&D tax system
HMRC clarifies tax rules for WFH commuting
HMRC launches online voluntary NICs payment service
UK borrowing reduces Chancellor's wiggle room
More than seven million adults still struggling to pay bills, finds FCA
Latest guidance for employers

Recent news

07 Apr 2025

Minimum wage rose on 1 April

Increases to the National Living Wage and National Minimum Wage took effect from 1 April.

07 Apr 2025

No further tax increases in Spring Statement

Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.

07 Apr 2025

Finance Act 2025 receives Royal Assent

The first Finance Act of the Labour government has gained Royal Assent and passed into law.

07 Apr 2025

Side hustle trading threshold raised to £3,000 per year

The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.

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