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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
4 in 10 SME directors worried about closure
SMEs fear closures amid rising taxes and lack of support.Calls to update NI records for child benefit claims
Parents who claimed child benefit before 2000 urged to act.UK economy stagnates for second consecutive month
Economic slowdown persists, defying growth predictions.Issues remain for student loan self assessment taxpayers
HMRC says it is still working on fixing overpayments.National living wage set to increase in 2025
Low-paid workers projected a 5.8% wage increase.Government scraps British ISA
Savings plan discontinued over complexity concerns.Companies House to replace Government Gateway
New single sign-in system for all Companies House accounts.Minimum wage increases planned for 2025
Age-based wage gap is to be gradually removed.Government scraps British ISA plan
Concerns over market complexity led to the decision.Non-dom exodus feared due to tax reforms
UK faces potential loss in tax revenue as non-doms exit.
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Current news
HMRC opens exemption route for MTD IT
Landlords and self-employed urged to check eligibility.
UK set to introduce digital ID system
Mandatory for work checks but not for carrying.
Trump unveils sweeping industry tariffs
Pharma, trucks and furniture face significant import levies.