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November 21, 2024
VOA to improve transparency on business rates valuations with reforms coming

The Valuation Office Agency (VOA) has announced plans to share more detailed information on business rates valuations, making the system more transparent for ratepayers across England.

November 20, 2024
Help for the high street: New powers for councils

Next month, councils across England will be given new powers to transform high streets by tackling long-term empty shops.

November 19, 2024
Make Work Pay: What are the next steps

Since coming into power, the Labour government has made its Make Work Pay plan a centrepiece of their policies.

November 14, 2024
Self-assessment tax returns: Counting down to 31 January

HM Revenue and Customs (HMRC) have begun reminding taxpayers that time is ticking for getting self-assessment tax returns filed in time for the 31 January 2025 deadline.

November 13, 2024
Agricultural and business property relief: What happened in the Budget?

Changes to inheritance tax were announced in the Budget that have caused consternation to farmers and business owners across the UK. What exactly is changing and what could this mean for you?

November 11, 2024
Base rate drops to 4.75%

As had been widely expected, the Bank of England reduced the interest base rate to 4.75% last week. This was due to inflationary pressures easing in recent weeks.

November 7, 2024
Bus fare cap to increase to £3

Two days before the Budget, the Prime Minister announced that the cap for single bus fares would be increased to £3 from its current £2.

November 6, 2024
Businesses count the cost of increases to Employers National Insurance

As has been widely expected in the last few weeks, the Chancellor, Rachel Reeves, made some significant changes to the Employers National Insurance (NI) rate and threshold in the Autumn Budget.

November 4, 2024
Autumn 2024 Budget speech: History in the making?

On 30 October 2024, Rachel Reeves delivered her first Budget speech. As the first Budget speech ever delivered by a female Chancellor of the Exchequer, the occasion was bound to be one for the history books regardless of what was said.

October 31, 2024
New regulations of Buy-Now, Pay-Later proposed

The UK government has announced a consultation on new legislations designed to regulate Buy-Now, Pay-Later (BNPL) products. The forthcoming rules, which will bring BNPL products under the supervision of the Financial Conduct Authority (FCA), are designed to provide the same key protections for BNPL as exist for other consumer credit products.

October 30, 2024
Employment Rights Bill progresses and consultations are launched

Following the release of the Employment Rights Bill, its Impact Assessment was published last week showing that the new Bill will have a “positive direct impact on economic growth.”

October 7, 2024
Latest news and industry insights

The latest figures from the Office for National Statistics (ONS) reveal that the UK’s economy grew by 0.5% between April and June, a slight dip from the initial estimate of 0.6%.

October 3, 2024
HMRC reform: digital transformation and closing the tax gap

In line with the e-invoicing initiative we reported on elsewhere, the Chancellor also outlined broader reforms to modernise HMRC through a Digital Transformation Roadmap, which is expected in Spring 2025.

October 2, 2024
Chancellor pushes for e-invoicing: What you need to know

The Chancellor unveiled a series of announcements last week that could have implications for UK businesses. One of the most relevant for business owners was the government's push for electronic invoicing (e-invoicing).

September 30, 2024
Chancellor’s speech takes optimistic tone on economy

The Chancellor, Rachel Reeves, gave an important speech at the Labour Party conference last week, in which she appeared to shift tone to speak more positively about the economy.