Business News

The latest Business and Finance news making the headlines in the UK

High earners facing rise in tax investigations by HMRC

A Freedom of Information (FOI) request has revealed that high earners in the UK are facing a significant rise in tax investigations by HMRC as a result of a record-breaking amount raised by compliance revenue.

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Windsor Framework starting to fracture the UK Internal Market, warns FSB

The Windsor Framework is creating severe disruption for small businesses and fracturing the UK Internal Market, warns the Federation of Small Businesses (FSB).

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HMRC sends side hustle warning

HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.

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Brits 'spending more disposable income than a year ago'

Research carried out by Bauer Media Outdoor has revealed that Britons are spending more of their disposable income when compared to a year ago.

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UK government launches Industrial Strategy

The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.

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Tax gap estimated at 5.3%

The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.

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Bank of England holds interest rates at 4.25%

The Bank of England recently held interest rates at 4.25%, with its Governor warning that 'the world is highly unpredictable'.

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Third of businesses planning job cuts due to NI rise

Research carried out by market research firm Censuswide has revealed that a third of business owners are planning to cut jobs as a result of rising employer National Insurance Contributions (NICs).

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UK inflation slows to 3.4% in May

Inflation in the UK eased to 3.4% last month, down slightly from April's 3.5%, according to the Office for National Statistics (ONS).

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