Small businesses to be backed by new, stronger measures to tackle late payments, the government has announced. The Small Business Commissioner will be given sweeping new powers to investigate poor payment practices, adjudicate payment disputes, and fine the worst offenders…
Self-employed women in the UK earn £51 less per day than men on average, according to IPSE, the self-employed association. This means that the average self-employed woman working full time could be £12,266 worse off per year compared to a…
HMRC has launched a new ‘Tax Confident’ website which it says will help people fill their tax knowledge gaps. The tax authority says the site is designed around real-life situations, helping people to find information that is relevant to their…
Almost 400 employers from across the UK have been named for failing to pay the minimum wage to tens of thousands of workers, says the government. Around 60,000 workers were found to have been underpaid, collectively missing out on £7.3…
The government has unveiled a youth employment drive that aims to create 200,000 jobs for young people and reform apprenticeships. It comes as apprenticeship starts amongst young people are down 40% in the last decade and almost one million young…
It is vital that taxpayers and small businesses use reputable tax advisers with professional qualifications, warns the Chartered Institute of Taxation (CIOT). Currently, anyone in the UK can refer to themselves as a tax adviser, regardless of whether they are…
HMRC has taken in over £137 million from late payment interest so far for 2023/24, a freedom of information request from investment platform AJ Bell shows. The tax authority has charged 1.3 million taxpayers late payment interest for the…
The UK is set for a decent increase in living standards this year, but energy price shocks caused by war in the Middle East threaten that growth, according to the Resolution Foundation. The think tank says the improvement in living…
Removing the UK’s tariff exemption for low value imports could risk pushing up prices, harming small businesses and reducing trade intensity, warns the British Chambers of Commerce (BCC). The government is considering the move after the US removed its ‘de…
HMRC’s large business directorate has doubled the amount of tax revenue it collects, according to the National Audit Office (NAO). A hands-on approach to tax compliance for large businesses yielded £15.8 billion during 2024/25. That is double what the unit…
