Business News

24 Jun 2024

Tax gap at record high

The UK's tax gap rose to a record to £39.8 billion in 2022/23, up by £1.7 billion as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.

21 Jun 2024

Rate decision disappointing for small businesses

The Bank of England's decision to hold interest rates was disappointing for small businesses, says the Federation of Small Businesses (FSB).

20 Jun 2024

UK's investment performance 'worse than every other G7 country'

Data published by think tank the Institute for Public Policy Research (IPPR) has found that the UK's investment performance is worse than every other country in the G7.

19 Jun 2024

Inflation at lowest level in almost three years, data shows

Data published by the Office for National Statistics (ONS) has revealed that the UK inflation rate has fallen to its lowest level in almost three years.

18 Jun 2024

HMRC 'has not fined a single 'enabler' of offshore tax evasion', data reveals

A Freedom of Information (FOI) request has revealed that HMRC has not fined a single 'enabler' of offshore tax evasion in five years.

17 Jun 2024

HMRC collected £1.39 billion in unpaid inheritance tax in last five years, data shows

Data published recently by HMRC has shown that it collected £1.39 billion in unpaid inheritance tax (IHT) in the last five years.

14 Jun 2024

Next government 'should extend company car benefit in kind taxation tables'

The next government should prioritise extending the company car benefit-in-kind (BIK) taxation tables, the Association of Fleet Professionals recently stated.

13 Jun 2024

'Stark economic challenge' facing whoever wins election

Think tanks and business groups have warned that whoever wins the General Election faces a 'stark economic challenge' as a result of faltering growth.

12 Jun 2024

Next government needs to prioritise falling employment, says think tank

Think tank the Resolution Foundation has warned that the next government will need to tackle the problem of falling employment, not falling inflation.

11 Jun 2024

Tax changes since 2010 have 'adversely affected families with children'

Research carried out by the Institute for Fiscal Studies (IFS) has suggested that families with children were hit the hardest by tax and benefit changes since 2010.

10 Jun 2024

Savers 'dangerously underestimating' minimum cost of retirement

Research carried out by pension provider Pension Bee has suggested that UK savers are 'dangerously underestimating' the minimum amount needed to retire.

07 Jun 2024

Next government will need to build trust between HMRC and self-employed

The next government must take a direct hand in rebuilding trust between HMRC and the self-employed, according to the Association of Independent Professionals and the Self-Employed (IPSE).

06 Jun 2024

Action needed to help firms 'navigate digital future'

Clear action is needed to help UK businesses 'navigate their digital futures', the British Chambers of Commerce (BCC) has warned.

05 Jun 2024

Revitalise 'Brand Britain', says CBI

Revitalising 'Brand Britain' in its first 100 days in office should be a priority for the party that wins the General Election, says the Confederation of British Industry (CBI).

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