Research carried out by insurer Simply Business has revealed that 47% of UK small business owners are using artificial intelligence (AI) tools. The latest figure represents a significant increase compared to 2025, when just 22% of firms stated they actively…
The government recently launched an overhaul of corporate reporting that it hopes will save UK businesses more than £450 million per year. As part of the changes, the government will replace paperwork reporting with digital systems and explore how AI…
HMRC’s proposal to make it easier to prosecute taxpayers could have a detrimental impact on low-income unrepresented taxpayers, warns the Low Incomes Tax Reform Group (LITRG). The LITRG has raised concerns that HMRC has failed to fully explain why its…
The latest economic forecast published by the British Chambers of Commerce (BCC) has revealed that the growth outlook for the UK has been affected by weak business investment. According to the BCC, GDP in 2026 is expected to grow by…
The government will carry out a review of business rates valuations for pubs and hotels to improve fairness and transparency. Pubs and hotels saw significant increases in rateable value at the 2026 revaluation due to the ending of pandemic-era valuations.…
HMRC has updated its guidance on the temporary reduced rate of VAT applicable to children’s meals, family attractions and tickets. Between 25 June and 1 September 2026, the rate of VAT on children’s meals and specific attractions is reduced from…
Prime Minister Andy Burnham has refused to rule out tax rises in the upcoming Autumn Budget. Mr Burnham recently stated that he ‘won’t be unrealistic’ in regard to the nation’s finances, adding that the public ‘needs to understand we are…
Analysis carried out by the Recruitment and Employment Confederation (REC) has revealed that recruitment of permanent staff stopped falling in July for the first time in almost four years. The Confederation’s latest survey showed that the index of permanent staff…
Trade body UK Hospitality has urged Prime Minister Andy Burnham to shelve plans to expand the so-called ‘tourist tax’ across the UK. UK Hospitality has written to the Prime Minister urging him to drop the plans or face losing 33,000…
The UK rate of inflation has risen to 2.9% - its highest level in four months. The rise was driven by higher energy costs, according to the data published by the Office for National Statistics (ONS). Following regulator Ofgem’s price…
