HMRC’s large business directorate has doubled the amount of tax revenue it collects, according to the National Audit Office (NAO). A hands-on approach to tax compliance for large businesses yielded…
Removing the UK’s tariff exemption for low value imports could risk pushing up prices, harming small businesses and reducing trade intensity, warns the British Chambers of Commerce (BCC). The government…
The UK is set for a decent increase in living standards this year, but energy price shocks caused by war in the Middle East threaten that growth, according to the…
HMRC has taken in over £137 million from late payment interest so far for 2023/24, a freedom of information request from investment platform AJ Bell shows. The tax authority…
It is vital that taxpayers and small businesses use reputable tax advisers with professional qualifications, warns the Chartered Institute of Taxation (CIOT). Currently, anyone in the UK can refer to…
The government has unveiled a youth employment drive that aims to create 200,000 jobs for young people and reform apprenticeships. It comes as apprenticeship starts amongst young people are down…
Almost 400 employers from across the UK have been named for failing to pay the minimum wage to tens of thousands of workers, says the government. Around 60,000 workers were…
HMRC has launched a new ‘Tax Confident’ website which it says will help people fill their tax knowledge gaps. The tax authority says the site is designed around real-life situations,…
Self-employed women in the UK earn £51 less per day than men on average, according to IPSE, the self-employed association. This means that the average self-employed woman working full time…
The confidence of business leaders in both their own organisations and the wider UK economy rose markedly in January, according to data from the Institute of Directors (IoD). The IoD…
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