News

President Trump’s decision to charge import duties for low value goods entering the US is a major blow to the UK’s SME exporters, says the British Chambers of Commerce (BCC). Under an Executive Order issued by the President, duties will…

HMRC is encouraging working families to save money by signing up to Tax-Free Childcare and using one of the thousands of facilities accepting it as payment. Tax-Free Childcare means working families can save up to £2,000 annually for each child…

Parents have less than two weeks to tell HMRC their 16-19-year-old is continuing education or training, or their Child Benefit payments will stop. Hundreds of thousands of teenagers will decide on their future after they receive their GCSE results on…

Most UK SMEs are not using salary exchange so are missing out on a potential £2.7 billion in employer National Insurance contributions (NICs) savings, according to insurance broker Howden. Using salary exchange to boost pension contributions and after-tax pay would…

Economic confidence amongst the UK’s business leaders has dropped to an all-time low, according to data from the Institute of Directors (IoD). The IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, fell…

The government is set to tackle late payments to businesses with significant legislative reforms. Late payments cost the UK economy £11 billion a year and shut down 38 businesses every day, according to the government. The new laws are set…

HMRC has launched a new online PAYE service, which it says will give 35 million workers more control over their tax affairs. The tax authority says the new service will make it simpler and easier to check and update their…

Homebuyers are being warned to avoid Stamp Duty Land Tax (SDLT) scams, following a landmark Court of Appeal decision. HMRC is warning buyers to be vigilant of tax agents offering to secure (SDLT) repayments on their behalf where repairs are…