Inflation hits 40-year high

UK inflation rose to 9.1% in May from 9% in April as the cost-of-living crisis continues, according to data from the Office of National Statistics (ONS).

It was a slight increase on the 9%…

Read more

National insurance threshold rises

The level at which people start paying national insurance rose from £9,880 to £12,570 from 6 July.

According to the government, 30 million people across the UK will benefit from this tax cut.…

Read more

Ofgem raises energy price cap

Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.

The record 80% hike will see a typical default tariff…

Read more

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including:

  • the reduction in the rate of National Insurance contributions

Read more

UK businesses anticipate growth in exports

A significant number of UK businesses that trade internationally expect to see an increase in their exports over the coming year, according to an Institute of Directors (IoD) survey.

The survey…

Read more

Tax non-compliance during pandemic

Tax non-compliance during the pandemic cost the UK government £9 billion, according to a report from the National Audit Office (NAO).

HMRC redeployed around 1,350 workers to Covid-19 support…

Read more

HMRC urges eligible couples to claim Marriage Allowance

HMRC has reminded married couples eligible for the Marriage Allowance to make use of the tax relief.

Over 2.1 million couples currently benefit from the Allowance, HMRC said. Married couples…

Read more

Bank of England raises UK interest rates

Interest rates have been increased to 4.25% from 4% by the Bank of England (BoE) as it tries to slow rising prices.

The BoE's decision to increase rates for the 11th time in a row comes after…

Read more

PAC criticises government for billions lost to error and fraud

The Public Accounts Committee (PAC) has criticised the government for losing billions of taxpayers' money to fraud and error in pandemic support.

The Department for Business and Trade (DBT)…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up