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19/02/2024

Calls to use Budget to build momentum

In its Spring Budget submission, the Confederation of British Industry (CBI) has called on Chancellor Jeremy Hunt to ‘continue building momentum’ in the UK economy and ‘put the country on the path to sustainable growth’.

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19/02/2024

Families face triple savings challenge

A report published by the Resolution Foundation has warned that UK families are facing a ‘triple savings challenge’ of insufficient ‘rainy day’ savings of at least £1,000.

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19/02/2024

HMRC effectiveness of tax reliefs

The National Audit Office (NAO) has published recommendations on how HMRC monitors the effectiveness of tax reliefs.

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08/02/2024

Employment Allowance increase

The Employment Allowance should be increased to £6,500 in the upcoming Spring Budget, says the Federation of Small Businesses (FSB).

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08/02/2024

Record 11.5m taxpayers file tax return

Data published by HMRC has revealed that a record 11.5 million taxpayers filed their 2022/23 self assessment tax returns by midnight on 31 January.

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08/02/2024

Small firms ‘find it harder to access finance’

Research carried out by the Federation of Small Businesses (FSB) has found that small firms are struggling to access finance, with the success rate of finance applications falling by 10% in three months

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02/02/2024

Fall in government borrowing

Data published by the Office for National Statistics (ONS) has revealed that government borrowing fell to £7.8 billion in December 2023, increasing the possibility of tax cuts in the upcoming Spring Budget.  

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02/02/2024

Third of UK adults confident with SA

Just 35% of UK adults are confident they could complete the self assessment tax return form correctly, according to research Standard Life.

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25/01/2024

Raise VAT threshold to £100,000

The government should raise the turnover threshold for VAT from £85,000 to £100,000, according to the Federation of Small Businesses (FSB).

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