The Bank of England (BoE) has reminded the public that it will be withdrawing the legal tender status of paper £20 and £50 banknotes after 30 September 2022. According to…
The estimated tax gap for the 2020/21 tax year is 5.1% – the second lowest recorded percentage – and is unchanged from the previous year, according to the latest data…
The UK government has announced plans to strengthen rules on 'buy now pay later' services, improving protection for users of the short-term credit. The announcement is a response to a…
UK inflation has risen to 9.1% in May from 9% in April as the cost-of-living crisis continues, according to the latest data from the Office of National Statistics (ONS). It…
Manufacturing trade body Make UK is calling for an emergency, pre-recess package of business support measures. The call comes after a Make UK survey showed growth and orders slowing significantly…
HMRC is extending the pilot for Making Tax Digital for income tax self assessment (MTD ITSA) to more self-employed workers and landlords. From July, those taking part will be able…