Starling Bank snaps up UK fintech firm in small business push August 19, 2025 Starling Bank has snapped up its UK fintech peer Ember in a bid to ramp up its services for small business customers. The London-based firm said as part of the takeover, Ember’s tax and bookkeeping software will be built into Starling’s app and online bank. The deal, which Starling did not disclose the price of, [...]
Just how many non-doms are leaving the UK? August 19, 2025 Since the Chancellor announced her non-dom crackdown, advisers, campaign groups and economists have warned an exodus of wealthy foreigners is afoot. But after a report claimed that departures were less extreme than feared, Ali Lyon digs into the data. There are lies, damned lies, and statistics. Popularised by Mark Twain, the phrase describes people’s tendency [...]
Reeves mulls ‘punishingly high’ new property taxes August 18, 2025 Chancellor Rachel Reeves is considering replacing stamp duty with a new national property tax on homes above £500,000, according to fresh reports. Senior ministers in the Treasury have been asked to study how a new “proportional” levy could be implemented and to model its impact ahead of potential tax changes in the Autumn Budget, The [...]
Exclusive: UK football clubs owe £1m in tax to HMRC August 18, 2025 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, [...]
Rumoured changes to inheritance tax gifting spark concern for middle-class August 15, 2025 Reeves is looking at measures to increase revenue from inheritance tax by tightening gift rules, a move that may disproportionately affect the middle class.
Rachel Reeves to raise ‘stealth and sin’ taxes to cover black hole August 15, 2025 Rachel Reeves is set to hit British consumers with extra “sin taxes”, leading forecasters have predicted, which are widely seen as regressive taxes that could hit people on lower income. The Chancellor faces having to raise £20bn in taxes at this year’s Autumn Budget to restore her “already paltry” margin of £9.9bn in headroom, according [...]
Inheritance tax crackdown will not spark family farm firesale, study finds August 14, 2025 Most farmers will be able to shoulder the inheritance tax bill foisted on them by the Treasury at last autumn’s Budget without having to sell their family farm, according to a fresh analysis which also proposed new ways the reforms could be “better targeted.” The paper, from independent tax think tank the Centre for the [...]
Labour warned tightening inheritance tax would ‘stymie growth’ August 13, 2025 Plans to tighten inheritance tax rules on gifting and passing assets on to family members before death would damage UK growth and could lead to “regret” within the government, Labour has been warned. Treasury officials are reportedly considering changing rules which allow Brits to pass on assets to younger family members over seven years before [...]
HMRC must disclose AI involvement in tax decisions August 8, 2025 A court has ruled that HMRC must disclose if it uses artificial intelligence (AI) in key decisions relating to granting research and development tax credits. Tom Elsbury, a tax expert who founded the specialist tax relief software platform Novel, lodged a Freedom of Information (FOI) request back in December 2023. But according to Judge Alexandra [...]
How the Conservatives can become the party of millennials like me August 7, 2025 Millennials make up the largest age cohort in many of the areas where the Conservatives need to shore up support. To win us back the Tories need answers on the cost of living, housing and tax, says Jamila Robertson Millennials are often given a hard rap – scoffed at as snowflakes by Boomers, and as [...]