HMRC to fine crypto investors £300 for non-disclosure
Posted on Thursday, July 17th, 2025
UK-based holders of cryptoassets will have to provide personal details to crypto service providers or face penalties of up to £300 from HMRC. The regulations will be introduced in the UK on 1 January 2026 and are... Read Full Article...
No Comments on HMRC to fine crypto investors £300 for non-disclosure
Windsor Framework starting to fracture the UK Internal Market, warns FSB
Posted on Thursday, July 17th, 2025
The Windsor Framework is creating severe disruption for small businesses and fracturing the UK Internal Market, warns the Federation of Small Businesses (FSB). The Framework was negotiated as part of the UK’s exit from the EU and... Read Full Article...
No Comments on Windsor Framework starting to fracture the UK Internal Market, warns FSB
More than 25% of UK businesses hit by cyber-attack in past year
Posted on Thursday, July 17th, 2025
More than one in four UK businesses have been the victim of a cyber-attack in the last year with many risking ‘sleepwalking’ into disruption, according to a new report. The survey conducted by the Royal Institution of... Read Full Article...
No Comments on More than 25% of UK businesses hit by cyber-attack in past year
Tax gap estimated at 5.3%
Posted on Thursday, July 17th, 2025
The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC. The tax gap is the difference between what tax is expected to be paid and actually paid. HMRC collected... Read Full Article...
UK government launches Industrial Strategy
Posted on Thursday, July 17th, 2025
The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy. The government says the Industrial Strategy was developed in partnership with business and includes targeted support for the... Read Full Article...
Advisory fuel rates for company cars
Posted on Friday, June 6th, 2025
New company car advisory fuel rates have been published and took effect from 1 June 2025. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’.... Read Full Article...
Chancellor confirms ISA allowance won’t be cut
Posted on Friday, June 6th, 2025
Chancellor Rachel Reeves has confirmed that the annual tax-free ISA allowance won’t be reduced from £20,000. Ms Reeves stated that she ‘absolutely wants to preserve’ the £20,000 tax-free investment people can make every year. The Chancellor is... Read Full Article...
No Comments on Chancellor confirms ISA allowance won’t be cut
Household Support Fund ‘needs reforming’
Posted on Friday, June 6th, 2025
Think tank the Resolution Foundation has stated that the Household Support Fund needs renewing and reforming to ensure it continues to help families through the cost-of-living squeeze. The Fund has helped millions of families in England with... Read Full Article...
Higher borrowing figures ‘increase prospect of tax rises’
Posted on Friday, June 6th, 2025
Experts have warned that recent higher than anticipated government borrowing figures have increased the prospect of Chancellor Rachel Reeves raising taxes at the next Budget. Official data showed that government borrowing was £20.2 billion in April, which... Read Full Article...
No Comments on Higher borrowing figures ‘increase prospect of tax rises’
Tax and accounting bodies back e-invoicing adoption
Posted on Friday, May 23rd, 2025
The UK’s professional tax and accounting bodies have backed the adoption of e-invoicing in their responses to a government consultation. The Chartered Institute of Taxation (CIOT) says that HMRC will need to prioritise the effective implementation of... Read Full Article...
No Comments on Tax and accounting bodies back e-invoicing adoption