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.
8 in 10 businesses seeking AI growth
New report highlights AI investment and digital barriers.
1.1 million missed self assessment deadline
Despite a rush, over a million taxpayers failed to file on time.
Small employer relief rate for statutory pay rises to 8.5%
Higher compensation from April 2025 eases small business costs.
Treasury scraps PAYE hours reporting plans
Dividend reporting will go ahead in April 2025.
VAT on private school fees challenged in court
High Court to hear case in April over policy legality.
Banks challenge BoE’s loss-absorbing capital rules
Lenders argue requirements exceed international standards.
HMRC ends emergency tax codes for pensioners
Simpler tax rules aim to reduce errors and delays.