The largest overhaul of alcohol duty in 140 years sees drinks taxed by strength rather than category from 1 August. It also sees the introduction of Small Producer Relief, which aims to help small businesses and start-ups create new drinks, innovate and grow. There will be lower taxes on lower... read more →
Aug
11
Aug
11
South Yorkshire has been named as the UK's first Investment Zone by Chancellor Jeremy Hunt. The status could bring £1.2 billion in funding and see up to 8,000 new jobs created in the area, according to the government. In March, Mr Hunt said 12 new UK Investment Zones would each... read more →
Aug
11
Almost a million young people have yet to access savings contained in Child Trust Funds (CTFs), according to a report by Parliament’s Public Accounts Committee (PAC). The PAC said over £1.7 billion is waiting to be claimed by a million young adults, at an average value of £1,900 each. It... read more →
Aug
09
A new fuel finder scheme to enable drivers access to live fuel prices and revitalise competition in the retail road fuel market, according to the Competition and Markets Authority (CMA). The scheme would be made possible by new compulsory open data requirements and backed by a new 'fuel monitor' oversight body.... read more →
Aug
08
HMRC has increased interest rates with late payment bills charged 7.5% from 11 July, the highest rate since 2001. The move follows the Bank of England's June increase in the base rate with HMRC also increasing the rate paid on repayments of tax. The Bank increased the base rate to... read more →