HMRC will write to nearly 800,000 taxpayers who could have gaps in their National Insurance (NI) record. The issue affects taxpayers who became self-employed between 2015 and March 2024. According to HMRC, taxpayers who receive a letter or those who…
UK pension providers have joined forces to establish a new UK scale-up fund of more than £1 billion to back the next generation of high-growth science and technology companies. The new fund aims to increase UK growth capital and give…
Prime Minister Andy Burnham has slashed business rates for pubs, clubs and live music venues in England by 20%. The reduction will take effect from April 2027 and will save the typical pub an estimated £1,100 next year, according to…
Firms supporting people to buy, trade and hold crypto will need to meet new standards under landmark rules set out by the Financial Conduct Authority (FCA). All firms must meet financial resilience requirements including capital and stress testing. The FCA…
Significant reforms to small business finance have been announced by the government. The centrepiece of the plans is an expansion of the British Business Bank’s (BBB) Growth Guarantee Scheme (GGS) which provides a 70% government guarantee on commercial loans to…
HMRC says it is making it easier for informants to report serious tax fraud and avoidance through the Strengthened Reward Scheme. Informants may be eligible for a financial reward if the information they provide leads to HMRC recovering at least…
Targeted subsidies, rather than expensive tax breaks, are the most cost-effective way of supporting employers to get young people into work, according to Resolution Foundation analysis. The think tanks warns that the number of young people not in employment, education…
The government is stepping up its efforts to reconnect young people with unclaimed savings in Child Trust Funds (CTFs). Around 6.3 million Child Trust Fund accounts were opened for children born between 1 September 2002 and 2 January 2011. More…
HMRC is reminding millions of self assessment taxpayers to prepare for the 2025 to 2026 tax year second payments on account 31 July deadline. The tax authority says that taxpayers can set up monthly or weekly payment plans and any…
The UK government must set out a clear plan to ease the burdens that Brexit has placed on business, says the British Chambers of Commerce (BCC). Over half of UK exporters think the current trade deal with the EU is…
