Autumn Budget 2024

Oct 31, 2024

Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to 'invest, invest, invest' to drive growth and 'restore economic stability'.

Billions in tax rises

Ms…

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Government cracks down on late payments

Oct 04, 2024

The government has announced a crackdown on late payments to small businesses and the self-employed.

Late payments cost SMEs £22,000 a year on average, according to Smart Data Foundry, while…

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Young people reminded to reclaim government savings

Sep 30, 2024

Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said.

Child Trust Funds are long term, tax-free savings accounts which were set…

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Government announces apprenticeship reforms

Sep 27, 2024

The government has announced an overhaul of the UK's apprenticeship system.

A new growth and skills levy which will replace the existing apprenticeship levy and include new foundation apprenticeships.

The…

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HMRC urged to take action to defuse side hustle time bomb

Sep 24, 2024

HMRC has been urged to defuse a tax bombshell threatening online traders, by the Low Incomes Tax Reform Group (LITRG).

The LITRG, which is part of the Chartered Institute of Taxation (CIOT),…

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Reforms to IHT, CGT and NI 'could raise over £20 billion a year'

Sep 23, 2024

The Resolution Foundation has suggested that reforms to inheritance tax (IHT), capital gains tax (CGT) and national insurance (NI) could raise more than £20 billion a year.

The Foundation said…

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Billion-pound tax bombshell to hit hospitality, warns trade body

Sep 18, 2024

The end of business rates relief will sting hospitality with a £928 million bill in April unless the government acts in the Budget, warns UKHospitality.

Hospitality and leisure businesses face…

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IPSE calls for fairer off-payroll rules in Budget

Sep 16, 2024

The Chancellor should use her Autumn Budget to make off-payroll working rules 'fairer and more effective', according to the Association of Independent Professionals and the Self-Employed (IPSE).

IPSE…

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£5.5 billion lost as a result of tax evasion

Sep 13, 2024

An estimated £5.5 billion was lost due to tax evasion during 2022/23, according to a report published by the National Audit Office (NAO).

The NAO stated that 'significant weaknesses'

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