HMRC has officially ruled out plans to introduce Making Tax Digital for Corporation Tax, confirming the shift in its July 2025 Transformation Roadmap....
View articleHMRC is preparing to launch a wave of new tax investigations targeting high-income earners and individuals with substantial assets, according to new i...
View articleFinancial capital thrives by consuming finite resources. But if we continue on the current path, we risk undermining the very systems that support our...
View articleA growing number of mid-tier accountancy firms are eyeing private equity investment and new ESG service lines, according to fresh research from the IC...
View articleAs HMRC ramps up efforts to digitise the UK tax system, FreeAgent is doubling down on its efforts to support accountants and clients through the MTD t...
View articleTax avoidance and evasion among the UK’s wealthiest individuals is on the rise, with underpaid liabilities climbing from £1.9bn to £2.1bn in the last ...
View articleThe UK tax gap held steady at 5.3% in 2023–24, translating to £46.8 billion in unpaid taxes, according to the latest HMRC statistics. While the percen...
View articleSelf-employed workers are flooding the internet for Making Tax Digital (MTD) guidance as HMRC helplines fall short, leaving many scrambling for answer...
View articleNearly half of small businesses report cash flow issues amid rising costs, QuickBooks data shows Read More...
View articleHMRC has lost £47m to a sophisticated phishing fraud that saw organised criminals exploit stolen personal data to create or hijack around 100,000 PAYE...
View articleNearly 800,000 self-employed individuals and landlords earning over £50,000 will need to overhaul how they handle income tax, as HMRC prepares to roll...
View articleNigel Farage has pledged to raise the personal tax-free allowance to £20,000, a move the Institute for Fiscal Studies says could cost up to £80bn annu...
View articleDenise Howarth, a self-assessment taxpayer with a previously spotless record, has successfully overturned £1,770 in fines and interest after a tribuna...
View articleCorporation Tax, VAT, and PAYE arrears surge as firms delay payments to preserve liquidity Read More...
View articleFDI projects into Greater London fall by nearly a third, but UK continues to lead Europe in tech, life sciences, and HQ investments. Read More...
View articleBy day two at Accountex 2025, the conversation had sharpened. What once passed as deadlines, compliance demands, and rising client expectations now we...
View articleCIPD and BDO data reveal hiring plans at record lows amid Labour tax reforms and sweeping employment law changes Read More...
View articleThe Bank of England has lowered interest rates by 25 basis points to 4.25%, marking its fourth cut since August 2023 and the clearest signal yet that ...
View articleThe Bank of England will delay its much-anticipated interest rate decision tomorrow (Thursday, May 8) by precisely two minutes to observe a national m...
View articleHM Revenue and Customs (HMRC) is facing mounting criticism after reports surfaced of significant delays in processing tax refunds, with some individua...
View articleThe UK economy is set to face significant challenges over the next two years, with the EY Item Club downgrading its forecast for GDP growth to just 0....
View articleChancellor Rachel Reeves has ruled out any increases to UK wealth taxes in the upcoming Autumn Budget, putting an end to speculation over potential hi...
View articleUK small businesses are facing an annual tax compliance burden nearing £25 billion, according to recent findings by the Federation of Small Businesses...
View articleConfidence among UK accountants has edged up in the first quarter of 2025, following a historic low at the end of last year, according to the latest G...
View articleThe UK’s incipient economic recovery in the first half of 2024 has since flagged. After expanding by 0.8% and 0.4% in Q1 and Q2 2024, the economy stag...
View articleIn a move that will bring hundreds of thousands of additional taxpayers into scope, the UK government confirmed yesterday it will lower the threshold ...
View articleChancellor Rachel Reeves took to the despatch box today with a Spring Statement that balanced caution with conviction. Presented as a fiscal update—no...
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