The government’s Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD). The board has been created to link top ministers and 10 Downing Street officials with the Treasury in the run up to the Autumn Budget on 26 November. The board will meet weekly and will be… Read more…

Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a ‘level playing field’ and protect workers’ pay. The Resolution Foundation said the Chancellor should make a 2p cut to NICs as well as a 2p rise in Income Tax in the Autumn Budget. The think tank… Read more…

The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced. The Office for Budget Responsibility’s latest outlook for the economy and public finances will be released on the same day. The Budget outlines the government’s plans for raising or lowering taxes and sets out its spending… Read more…

HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for Making Tax Digital (MTD) for Income Tax when it comes into force. The first phase of MTD for Income Tax will begin next April at the start of the 2026/27 tax year. It will require individuals with… Read more…

Homebuyers are being warned to avoid Stamp Duty Land Tax (SDLT) scams, following a landmark Court of Appeal decision. HMRC is warning buyers to be vigilant of tax agents offering to secure (SDLT) repayments on their behalf where repairs are needed to a property they have bought. Some agents have suggested that, for a fee,… Read more…

The government is set to tackle late payments to businesses with significant legislative reforms. Late payments cost the UK economy £11 billion a year and shut down 38 businesses every day, according to the government. The new laws are set to give stronger powers to the Small Business Commissioner to empower them to wield fines,… Read more…

President Trump’s decision to charge import duties for low value goods entering the US is a major blow to the UK’s SME exporters, says the British Chambers of Commerce (BCC). Under an Executive Order issued by the President, duties will be payable on goods valued under $800 from 29 August 2025. These will be in… Read more…