The government must move quickly to restore confidence amid the rapid spread of the Omicron variant of the coronavirus (COVID-19), says the Confederation of British Industry (CBI). The business group…
The Bank of England has raised interest rates for the first time in more than three years in response to calls to tackle surging price rises. The increase to 0.25%…
HMRC has reminded self assessment taxpayers to declare any coronavirus (COVID-19) grant payments on their 2020/21 tax return. According to HMRC, more than 2.7 million customers claimed at least one…
HMRC's self-service Time to Pay payment plan has raised £46 million since April this year, according to the tax authority's data. HMRC's self-serve Time to Pay system was set up…
The Bank of England (BoE) has warned that fast-growing cryptocurrency assets could endanger the UK's financial system. The Bank's Financial Policy Committee stated that crypto assets are starting to become…
Following COP26, the Climate Change Committee (CCC) has urged the government to introduce a higher tax on household gas. In its recommendation to the government, the Committee stated that taxes…