Business News

HMRC is encouraging working families to save money by signing up to Tax-Free Childcare and using one of the thousands of facilities accepting it as payment.

The UK labour market continues to weaken, shedding 165,000 jobs since last October, according to the latest data from the Office for National Statistics (ONS).

Job postings for temporary work in hospitality this summer are down 25% year-on-year, according to data from the Recruitment and Employment Confederation (REC).

The Bank of England has cut interest rates to 4%, taking the cost of borrowing to the lowest level for more than two years.

President Trump's decision to charge import duties for low value goods entering the US is a major blow to the UK's SME exporters, says the British Chambers of Commerce (BCC).

Companies House is to roll out compulsory identity verification for company directors and people with significant control (PSCs) to help combat fraud and so-called phoenix companies.

Economic confidence amongst the UK's business leaders has dropped to an all-time low, according to data from the Institute of Directors (IoD).

The government is set to tackle late payments to businesses with significant legislative reforms.

Self-employed taxpayers and landlords should file their 2024/25 tax return early to find out if Making Tax Digital (MTD) will apply to them from next April, says the Low Incomes Tax Reform Group (LITRG).

Most UK SMEs are not using salary exchange so are missing out on a potential £2.7 billion in employer National Insurance contribution (NIC) savings, according to insurance broker Howden.

HMRC has launched a new online PAYE service, which it says will give 35 million workers more control over their tax affairs.

Statistics published by HMRC have revealed that Capital Gains Tax (CGT) revenue fell by 18% in the 2023/24 tax year.

The Institute for Fiscal Studies (IFS) has called for the government to take 'decisive action' to ensure the pension system is future-proofed for the next generation.

The government will charge Inheritance Tax (IHT) on unused pension pots and death benefits from April 2027.