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27/06/2025
Tax Gap estimated at 5.3%
The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC
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Government launches Industrial Strategy
The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The June issue has information on various topics, including:
18/06/2025
HMRC system attack - Check your account
Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals’ data and login details.
FCA in international crackdown
The Financial Conduct Authority (FCA) joined forces with nine international regulators for a week of action to combat the risks of finfluencers on social media.
Global economy at its weakest since 2008
Heightened trade tensions and policy uncertainty are expected to drive global growth down to its slowest pace since 2008, according to the World Bank’s latest Global Economic Prospects report.
04/06/2025
IFS outlines ‘decisions’ for Spending Review
Ahead of the 2025 Spending Review on 11 June, the Institute for Fiscal Studies (IFS) has outlined four ‘big decisions' for the government to make.
HMRC names and shames
HMRC recently named and shamed UK employers who have failed to pay their employees the National Living Wage (NLW) or the National Minimum Wage (NMW)
Chancellor outlines pension ‘megafunds’ plans
Chancellor Rachel Reeves has set out government plans to double the number of so-called pension ‘megafunds’ by 2030
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