The introduction of Making Tax Digital (MTD) for Income Tax this April will be the biggest change to the UK’s tax system since self assessment, says the Low Incomes Tax Reform Group (LITRG). From 6th April 2026, taxpayers with more than £50,000 of gross income from self-employment and/or rental income in the 2024/25 tax year… Read more…

The lending commitment is one of the largest collective moves by the banking sector in over a decade. The government says this represents an ‘historic show of confidence in the UK economy’.  Senior executives from NatWest, HSBC UK, Barclays, Lloyds and Santander finalised an agreement with the government on 26 January at a roundtable in Westminster convened by the Business Secretary and the CEO of UK… Read more…

Over 200 hospitality and leisure CEOs have urged the government to scrap plans for a Visitor Levy in England. In a letter to the Chancellor, they warn that the proposed holiday tax will ‘hit families hardest, put jobs at risk and drain money from local businesses and communities’. Signatories to the letter warn that ‘holidays… Read more…

Pubs and live music venues in England will be given a 15% discount on their business rates bills from April and will not see increases for two years, the government announced. It comes after a backlash against November’s Budget, which left many facing major increases in their business rates bills. The government says that pubs… Read more…

Small businesses such as cafes, shops and hairdressers are facing three years of business rates misery with an average 52% hike in bills, analysis from the Federation of Small Businesses (FSB) has revealed. This is due to the removal of business rates relief for 230,000 small firms across the retail, hospitality and leisure (RHL) sectors… Read more…

The number of people using the HMRC app to pay their self assessment tax bill has increased by 65% this tax year, according to the tax authority. Almost 340,000 people have used the HMRC app to pay their self assessment tax since 6 April 2025, an increase of 132,788 people compared to the same period… Read more…

The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework with legislation due by 2027. The government says that firm and proportionate rules will give legal clarity over the sector’s regulatory position. It says they will also boost consumer confidence by ensuring consumers are robustly protected. The changes mean that firms will need to… Read more…

Five major UK banks have agreed a £11 billion lending package aimed at SMEs to support small business growth, the government has announced. The lending commitment is one of the largest collective moves by the banking sector in over a decade. The government says this represents an ‘historic show of confidence in the UK economy’.  Senior executives from NatWest, HSBC UK, Barclays, Lloyds and Santander finalised… Read more…

More than 4,800 self assessment scams have been reported since February 2025, according to data released by HMRC. The tax authority says scammers are using persuasive and threatening tactics to target people when they are more likely to receive correspondence from HMRC. The scammers send fake tax demands or attempt to pressurise people to hand… Read more…

The UK can expect to see big falls in the rate of inflation this year, according to the Resolution Foundation. The think tank’s prediction comes despite an increase in December 2025 that saw the UK end the year with the highest headline inflation of any G7 economy – an unwanted position it has now held… Read more…