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Recent posts

Government Targets £7.5 Billion in Unpaid Tax -Focus on Business Compliance

The government has announced plans to raise an additional £7.5 billion by stepping up efforts to close the tax gap - the difference between the tax HMRC expects to collect and what is actually paid. Figures published on 19 June show that £46.8 billion in tax went unpaid in the 2023-24 tax year. That’s 5.3% […]

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Raft of tax administration measures announced - How will these affect businesses and employers?

James Murray, the Exchequer Secretary to the Treasury, made a Written Ministerial Statement that included a total of 39 tax simplification, administration and reform measures. Many measures are intended to reduce burdens on employers and small businesses, whereas others are designed to modernise H M Revenue & Customs (HMRC) systems and processes. Here are five […]

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Spring Statement and OBR Forecasts - How is your business affected?

April 2025 The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances. What did the statement tell us about public finances and the economy? The Statement came on the back […]

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Base rate cut to 4.5% - Is this the start of a run of cuts?

The Bank of England reduced their base rate to 4.5% last month, as had been widely expected in the days leading up to the decision. The decision was made by a 7-2 majority. The minority of two members were looking for the rate to be reduced to 4.25%. Could this suggest a run throughout 2025 […]

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Inflation falls to 2.5% | What this means for your business

Official figures released in January reveal that UK inflation fell slightly in December, down to 2.5% from 2.6% in November. While the drop is marginal, it has sparked discussion in the press as to whether this easing of inflation might prompt the Bank of England to consider cutting interest rates. At the same time, there […]

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