Official statistics have overstated the size of the UK’s self-employed population for two decades, according to the Institute for Fiscal Studies (IFS). The share of national income flowing to those with the highest incomes has also been over-estimated, adds the…
Chancellor Rachel Reeves must use the Autumn Budget to make the bold decisions necessary to get the economy firing, says the Confederation of British Industry (CBI). In its Budget submission, the business group says that businesses will judge the Budget…
In a pre-Autumn Budget speech from Downing Street, Chancellor Rachel Reeves refused to rule out raising taxes in the upcoming Autumn Budget on 26 November. Ms Reeves used the speech to outline the challenges facing the government, and highlighted her…
The British Chambers of Commerce (BCC) has warned that the UK could fall behind in the race to achieve net zero. Research carried out by global management consulting firm McKinsey and Company showed that the transition to net zero could…
The Chartered Institute of Taxation (CIOT) has urged the government to implement a transitional rule to allow older farmers and other business owners to gift assets to the younger generation free of Inheritance Tax (IHT) before changes take effect in…
The British Chambers of Commerce (BCC) has called for Chancellor Rachel Reeves to use the Autumn Budget to combat ‘persistent’ hiring problems. According to the BCC’s latest Quarterly Recruitment Outlook, 54% of businesses have attempted to hire employees in the…
Chancellor Rachel Reeves recently announced a 'blitz on business bureaucracy', with cuts to red tape that the government says will save firms £6 billion. Ms Reeves says the government will be 'scrapping pointless paperwork' and speeding up planning to deliver…
The Treasury should make it easier for state pensioners to pay any tax they owe with a Pay as You Earn (PAYE) scheme, says the Low Incomes Tax Reform Group (LITRG). The LITRG told the Treasury that there is a…
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including: Making your PAYE Settlement Agreement payment. Guidance for labour supply chains featuring umbrella companies. New Advisory Electric Rate for fully electric…
The government has named and shamed nearly 500 employers who failed to pay the National Minimum Wage (NMW). The employers have been fined over £10 million for failing to comply with NMW laws. In addition, £6 million has been repaid…
