Cash use in the shops rose for a second year in a row in 2023 after a decade of falls, according to the British Retail Consortium (BRC). Notes and coins were used in a fifth of transactions last year as…
HMRC is reminding people who pay tax by self assessment of the opportunity to spread the cost of their bill with the Time to Pay facility. More than 15,000 self assessment customers have already set up a Time to Pay…
New company car advisory fuel rates have been published and took effect from 1 December 2024. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only…
Optimism amongst the UK’s business leaders has fallen to the lowest point since the height of the pandemic, according to the Institute of Directors (IoD). The IoD’s survey found that business leader confidence in the UK economy fell from -52…
People selling unwanted items online can continue to do so without any new tax obligations, HMRC has confirmed. The reminder comes as online platforms start sharing sales data with HMRC from January 2025 – a new process that, when announced…
HMRC has reduced late payment and repayment interest rates following the cut to the base rate. The Bank of England cut the base rate to 4.75% on 7 November, the second reduction this year. This has triggered a cut in…
The UK’s Industrial Strategy must benefit all parts of the country, according to the British Chambers of Commerce (BCC). The government says the Industrial Strategy will be published in Spring 2025, alongside the multi-year Spending Review. The BCC is urging…
HMRC is warning of scam attempts targeting self assessment taxpayers in the run up to the 31 January deadline. Last year, concerned taxpayers reported nearly 150,000 scam referrals to HMRC. Around half of all scam reports in the last year…
Pension reforms announced by Chancellor Rachel Reeves must unlock growth, according to the British Chambers of Commerce (BCC). Pension megafunds will be created as part of the biggest set of pension reforms in decades. The government says this will unlock…
Over 400,000 customers have now used the Student Loan Company's (SLC) digital refund service. The SLC introduced a new service into the online account for repayment customers in May 2024 and has released data on the first six months of operation.…
