HMRC has reduced late payment and repayment interest rates following the cut to the base rate. The Bank of England cut the base rate to 4.75% on 7 November, the…

New company car advisory fuel rates have been published and took effect from 1 December 2024. The guidance states: ‘you can use the previous rates for up to one month from…

Chancellor Rachel Reeves pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’ in the Autumn Budget. The Budget, which was Labour’s first in over 14 years and the first ever delivered…

Business groups have reacted to Chancellor Rachel Reeves’ Autumn Budget speech. The Confederation of British Industry (CBI) said that the Chancellor ‘had difficult choices to make to deliver stability for the…

Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase from £11.44 to £12.21 an hour from April 2025. The…

Businesses have been banned from withholding tips or service charges from their staff under new rules that came into force on 1 October. All tips, whether in cash or by…