Business News.

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Business News

HMRC brings in extra £4.6 billion using 'big data' system

13 Oct 2025

HMRC brought in an extra £4.6 billion in tax revenue last year by using its 'big data' system.

Countdown to Vaping Products Duty begins

10 Oct 2025

There is now less than a year until the UK government introduces a Vaping Products Duty (VPD) and vaping duty stamps (VDS) on 1 October 2026.

Study finds 'increased openness' to using external finance amongst firms

09 Oct 2025

A study carried out by the British Business Bank has revealed that the use of external finance amongst small firms stabilised in 2024 as businesses increasingly welcome using finance for growth.

New tax avoidance law risks missing target, warns CIOT

08 Oct 2025

New legislation aimed at tackling rogue tax agents and those pushing tax avoidance schemes won't catch all of those it is aimed at, warns the Chartered Institute of Taxation (CIOT).

HMRC to resume taking tax owed by debtors directly from bank accounts

07 Oct 2025

HMRC has resumed its programme allowing direct recovery of money from debtors' bank accounts.

Over 750,000 young people yet to claim savings

06 Oct 2025

Over 750,000 18-to-23-year-olds have yet to claim their matured Child Trust Funds (CTFs), according to HMRC.

Budget must give UK business a competitive edge

03 Oct 2025

The Autumn Budget must sharpen the UK's competitive edge to stay ahead of the pack in an increasingly dog-eat-dog world, says the British Chambers of Commerce (BCC).

Business confidence falls to new record low

02 Oct 2025

Business confidence fell to its lowest level on record in September, driven by concerns over soaring costs, according to a survey conducted by the Institute of Directors (IoD).

Digitally excluded taxpayers urged to consider MTD exemption

01 Oct 2025

The Low Incomes Tax Reform Group (LITRG) is urging taxpayers who cannot manage their tax affairs digitally and are set to begin using Making Tax Digital for Income Tax (MTD for IT) to check whether they are able to claim an exemption.

UK losing £2 billion annually as result of 'Tourist Tax'

30 Sep 2025

Research published by the Association of International Retail (AIR) has revealed that the UK is losing out on nearly £2 billion as a result of the scrapping of VAT breaks for tourists.

More SMEs 'unlocking AI'

29 Sep 2025

35% of small and medium-sized enterprises (SMEs) say they are actively using artificial intelligence (AI) technology ? a rise when compared to 2024's figure of 25%.

Business group says long-term sickness 'blighting' economy

26 Sep 2025

The British Chambers of Commerce (BCC) has warned that long-term sickness is 'blighting' the UK economy and preventing it from growing.

Slowdown in living standards 'so large that families today would be £20,000 richer'

25 Sep 2025

A report carried out by the Resolution Foundation has found that the scale of Britain's living standards slowdown over the last 20 years is so large that families today would be £20,000 richer if incomes had continued at the rate of growth trending in 2005.

Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget

24 Sep 2025

Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a 'level playing field' and protect workers' pay.

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