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The Institute of Directors (IoD) has called on the government to extend the capital allowances super-deduction.

Data published by the IoD found that the super-deduction has had 'a positive…

Trade body Offshore Energies UK (OEUK) has stated that the Energy Profits Levy, also known as the 'windfall tax', on UK energy firms should be scrapped by 2025 or it could risk having a 'detrimental…

The UK's new Prime Minister Rishi Sunak must restore confidence in the country's economy, say business groups.

Mr Sunak will have to deal with a range of issues stemming from inflation and…

The UK's tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.

The threshold for the…

The Bank of England (BoE) has raised UK interest rates by half a percentage point to 3.5%.

It is the ninth consecutive increase and takes the base rate to its highest level for 14 years as…

The British Chambers of Commerce (BCC) has urged Chancellor Jeremy Hunt to use the upcoming Spring Budget to help ease cost pressures on small businesses.

Research carried out by the BCC revealed…

Two freeports have been confirmed for Wales by the UK and Welsh governments.

Celtic Freeport, covering Milford Haven and Port Talbot, and Anglesey Freeport will each be backed by £26 million…

HMRC has published the latest issue of the Employer Bulletin. The April issue has information on various topics, including:

• reporting expenses and benefits for the tax year ending…

Following the Bank of England's latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.

The Bank increased the base rate to 4.5% from…