Business news
News
Extra HMRC funding recovered £45.7bn in 2024
Tax investigations raise 28% more than 2023.Treasury losing revenue from spirit excise
Industry calls for tax reform to boost growth.HMRC helpline workers set strike dates
Strikes hit phone lines during the self assessment period.Pound drops as borrowing costs rise
Borrowing costs hit record highs since 2008.NI hike to raise employer costs by 60%
Businesses face tax and wage hikes from next tax year.New HMRC scheme targets excessive R&D tax claims
Voluntary disclosure can mitigate penalties for excessive R&D claims.Over 90k self assessment tax returns filed over Christmas
HMRC urges those who have yet to file to submit on time.Employers to pay 60% more in NICs
Higher NICs and increased minimum wage add to rising costs.HMRC launches R&D tax disclosure scheme
HMRC opens new scheme for excess R&D claims.Charitable donations through wills hit £2.1bn in 2024
More estates donated to reduce inheritance tax burden.
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