News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Spring Statement sees 10% late payment penalty introduced
Treasury doubles down on late payment enforcement.Over a fifth of adults not looking for work
Economic inactivity remains a focus for UK growth plans.Deposit protection limit could rise to £110,000
Bank of England proposes updated FSCS savings cap.HMRC prosecutions of tax enablers fall sharply
There were fewer than five criminal cases in 2023/2024.Proposed changes to R&D tax credit assurances
New consultation explores mandatory advance approvals.Late payment penalties for taxpayers announced in Spring Statement
Higher fines and interest from April 2025.New HMRC escalation route for PAYE delays
Priority email support launches for agents from 31 March.FCA to cut 100+ pages of rules
Regulator responds to pressure to reduce red tape.Stamp duty tax drives £300m revenue rise
Inheritance tax and VAT also increase sharply.Interest rates held as uncertainty grows
Tariffs, inflation, and slowdown cloud outlook.