Rachel Reeves told to scrap business rates for new profit tax in Budget Economics A City accountancy firm has called on Chancellor Rachel Reeves to scrap business rates in her Autumn Budget and replace them with a new profit tax. Lubbock Fine said business rates, which have been the topic of much lobbying in recent weeks, should make way for a variable local tax on profits. The firm said [...]
Exclusive: UK football clubs owe £1m in tax to HMRC Sport Business Twenty lower league football clubs in the UK have fallen into arrears to the HM Revenue & Customs (HMRC), according to date from chartered accountants and business advisers Lubbock Fine shared with City AM. The value of Pay as You Earn (PAYE) payroll tax owed by football clubs was £1.04m as of 22 May 2025, [...]
Reeves employer NIC tax plans raise wind-up fears for football clubs Sport Business A total of 24 professional football clubs are in arrears to HMRC over PAYE debt, with experts fearing that number could rise due to Rachel Reeves’s budget. Clubs including Championship side Reading and National League Southend United are among those who received winding-up petitions from HMRC in 2024. But business experts have warned that changes [...]