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The UK's Digital Services Tax (DST) raised £358 million from large digital businesses in the 2020/21 tax year, according to data published by the National Audit Office (NAO).

The DST was introduced…

The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing 'tightening pressure' as a result of decreasing export sales.

The…

Inflation remains close to a 40-year high despite falling in January, according to the latest data from the Office for National Statistics (ONS).

The ONS found that inflation fell to 10.1%…

The Bank of England has raised UK interest rates to a 15-year high of 5% as it continues its battle against inflation.

Despite concerns that mortgage-holders face a timebomb of higher rates,…

A new fuel finder scheme to enable drivers access to live fuel prices and revitalise competition in the retail road fuel market, according to the Competition and Markets Authority (CMA).

The…

The UK's annual inflation rate fell to 6.8% in July, down from 7.9% in June, according to the latest data from the Office of National Statistics (ONS).

It is the smallest increase in the…

The tax cuts announced in the 2023 Autumn Statement won't prevent tax revenues rising to their highest ever levels, the Institute for Fiscal Studies (IFS) has warned.

The IFS stated that announcing…

Less than 30% of firms expect their workforce to fully return to the workplace over the next five years, according to research by the British Chambers of Commerce (BCC).

The survey of over…

HMRC has published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.

MTD for ITSA will require businesses and landlords…