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.…
The Federation of Small Businesses (FSB) has called for the government to help build trust in artificial intelligence (AI) amongst small firms. It stated that Kanishka Narayan, the government’s new AI Minister, has the ‘opportunity to help small businesses unlock…
HMRC will write to nearly 800,000 taxpayers who could have gaps in their National Insurance (NI) record. The issue affects taxpayers who became self-employed between 2015 and March 2024. According to HMRC, taxpayers who receive a letter or those who…
