Declarations of over than £1 million in capital gains from cryptoassets in the 2024/25 tax year were made by 240 individuals, according to data published by HMRC. The tax authority said the group accounted for a total of £717…
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…
The UK economy grew by 0.4% between April and June, official data has revealed. The Office for National Statistics (ONS) found that the summer sunshine and sports fixtures helped the economy grow. The ONS stated that growth has ‘remained fairly…
Prime Minister Andy Burnham has been urged to reverse changes to Inheritance Tax (IHT) at the upcoming Autumn Budget. Farmers from around the UK have called on Mr Burnham to honour his pre-election pledge to ‘look again’ at the changes…
The British Chambers of Commerce (BCC) has set out a three-point plan for the new government. According to the BCC, Prime Minister Andy Burnham must focus on trade, investment and productivity to support businesses and help the UK economy thrive.…
