The government has launched the UK Business Climate Hub to offer firms advice and support on reducing their energy bills and cutting their carbon emissions. The Hub includes a free carbon calculator and a suite of new tools to help businesses measure, track and report on their emissions. It also... read more →
Sep
08
Sep
07
The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell. In the 2023/24 tax year it is estimated that over 2.7 million individuals will pay tax on interest,... read more →
Sep
07
HMRC should increase the rewards it pays out to whistleblowers in line with the US system, according to law firm RPC. The tax authority paid out over £509,000 to individuals providing evidence about tax fraud over the past year, RPC's research found. That figure is up from £495,000 in 2021/22... read more →
Sep
05
More than a third of English households will see higher energy bills this winter than they did last winter, according to research published by the Resolution Foundation. Almost half of those hit by the higher bills will be in the poorest tenth of households, the report said. Ofgem is expected... read more →
Sep
05
The UK is set for five years of lost economic growth, according to research from think tank the National Institute for Economic and Social Research (NIESR). The NIESR said the series of shocks from Brexit, Covid and Russia's invasion of Ukraine had badly affected the economy. It added that the... read more →
Sep
04
The UK's annual inflation rate fell to 6.8% in July, down from 7.9% in June, according to the latest data from the Office of National Statistics (ONS). It is the smallest increase in the cost of living since February 2022. A fall in gas and electricity, as well as a... read more →
Aug
11
The voluntary and community sector will be able to apply for grants from HMRC to support their work with taxpayers who need extra assistance with their tax affairs. Eligible organisations need to bid for the funding, worth £1.8 million a year from 2024 until 2027, up from the current annual... read more →