Business

Spring Statement 2025 – Headlines

ByDaniel McAllister 26th March 202526th March 2025

Chancellor Rachel Reeves gave her Spring Statement to the House of Commons this afternoon. Whilst not a fiscal (tax) event we can report the following headlines: We will have a…

Financial benefit of MTD could be as high as £915 million

ByLuke Mudd 10th March 2025

The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC. Since April 2022 all VAT-registered businesses should be using MTD…

Private sector activity expected to fall

BySimpson Wood 10th March 2025

Activity in the private sector is expected to fall for the fourth consecutive quarter, according to a Growth Indicator from the Confederation of British Industry (CBI). Business volumes in the…

Businesses warn of National Insurance ‘powder keg’

ByDaniel McAllister 28th February 202528th February 2025

The overwhelming majority of businesses say the rise in employers’ NICs will force them to change their plans, according to research by the British Chambers of Commerce (BCC). With under…

New company car advisory fuel rates

BySimpson Wood 28th February 202528th February 2025

New company car advisory fuel rates have been published and took effect from 1 March 2025. The guidance states: ‘you can use the previous rates for up to one month from…

Tailored tax reliefs boost alcohol sector

BySimpson Wood 28th February 202528th February 2025

The government has introduced a package of support that it says will help the alcohol sector to grow. From 1 February, draught relief has increased to knock 1p off duty…

Business tax compliance costs £15 billion a year

ByDaniel McAllister 28th February 202528th February 2025

An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO). HMRC’s cost of…

Rate cut brings ‘measure of relief’ to business

BySimpson Wood 28th February 202528th February 2025

Businesses will get a ‘measure of relief’ after interest rates were cut by the Bank of England, says the British Chambers of Commerce (BCC). The Bank cut the base rate…

Government consults on mandatory e-invoicing

ByDaniel McAllister 28th February 202528th February 2025

The government has launched a consultation on plans for the rollout of electronic invoicing (e-invoicing) in the UK. The 12-week consultation is being jointly conducted by HMRC and the Department…

Higher than expected inflation underlines business challenges

BySimpson Wood 28th February 202528th February 2025

The higher-than-expected rise in the rate of inflation underlines the real challenges businesses face, according to the British Chambers of Commerce (BCC). The consumer prices index (CPI) measure of inflation…

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Latest Updates from Simpson Wood

Financial benefit of MTD could be as high as £915 million

Private sector activity expected to fall

Businesses warn of National Insurance ‘powder keg’

New company car advisory fuel rates

Tailored tax reliefs boost alcohol sector

Business tax compliance costs £15 billion a year

Rate cut brings ‘measure of relief’ to business

Government consults on mandatory e-invoicing

Higher than expected inflation underlines business challenges

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