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Connect boosts HMRC compliance yield
Big data platform recovers record £4.6bn.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Possible new tax registration rules for animal welfare sector
Thousands may need HMRC registration to renew licences.PAC demands stronger action on tax evasion
MPs call for tougher fraud prevention measures.Updates to Employment Rights Bill passed
Tribunal claims, guaranteed hours, fire, and rehire all updated.HMRC compliance yield has fallen post-pandemic
Staff productivity drops as taxpayer numbers rise.HMRC cuts late payment interest to 7%
Late payment and repayment rates reduced from 25 February.Changes to inheritance tax on pensions from 2027
Families face delays and costs under new probate rules.Bank of England cuts interest rates to 4.5%
Inflation forecast to rise as economy stalls.Government AI rollout requires better collaboration
Departments urged to work together to reduce AI risks.HMRC to scrap emergency tax codes for pensioners
Change aims to reduce tax errors for pension withdrawals.PAYE hours reporting dropped by Treasury
Businesses spared extra admin, but dividend reporting stays.