News Latest News for Business Click on a headline to read the full story. 09 Mar 2025Government consults on mandatory e-invoicingThe government has launched a consultation on plans for the rollout of electronic invoicing (e-invoicing) in the UK. 09 Mar 2025Proposed HMRC powers to collect data on hours worked scrappedThe government has stopped controversial plans to collect information about the exact hours worked by every employee in PAYE returns. 09 Mar 2025Business tax compliance costs £15 billion a yearAn increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO). 09 Mar 2025Tailored tax reliefs boost alcohol sectorThe government has introduced a package of support that it says will help the alcohol sector to grow. 09 Mar 2025Businesses warn of National Insurance 'powder keg'The overwhelming majority of businesses say the rise in employers' NICs will force them to change their plans, according to research by the British Chambers of Commerce (BCC). 09 Mar 2025HMRC cuts late and repayment interest ratesHMRC will reduce late payment and repayment interest rates from 25 February following the cut in the base rate. 09 Mar 2025Latest guidance for employersHMRC has published the latest issue of the Employer Bulletin. 09 Mar 2025Advisory fuel rates for company carsNew company car advisory fuel rates have been published and took effect from 1 March 2025. 05 Feb 2025Parliamentary watchdog accuses HMRC of deliberately 'degrading' phone servicesParliament's spending watchdog has accused HMRC of deliberately running down its phone services to force people to go online, according to a report. 05 Feb 2025Government commissions review of the Loan ChargeThe government has commissioned an independent review of the Loan Charge. 05 Feb 2025CIOT calls on government to rewrite unfair VAT rulesThe Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise. 05 Feb 2025Pension reforms to 'unlock billions' for government growth agendaNew rules that will give more flexibility over how occupational defined benefit pension schemes are managed, according to the government. 05 Feb 2025UK firms expecting slowdownUK firms are expecting to reduce both output and hiring this quarter, according to a survey conducted by the Confederation of British Industry (CBI). 05 Feb 2025Employment plan will harm jobs, warns small firmsSmall firms fear the new Employment Rights Bill will harm recruitment, according to a survey by the Federation of Small Businesses (FSB). 05 Feb 2025UK economy returns to growth as inflation dipsThe UK economy grew for the first time in three months in November, according to the Office for National Statistics (ONS). 05 Feb 2025IMF upgrades UK's economic outlookThe International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year. Archive NewsClick here to access our full archive
