The Bank’s latest rate cut is here, what now for your business?
Posted on May 13, 2025 Posted in - BlogThe Bank of England (BOE) has cut the base interest rate to 4.25 per cent, down from 4.5 per cent.
The Bank of England (BOE) has cut the base interest rate to 4.25 per cent, down from 4.5 per cent.
From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel prices.
The Government has confirmed that the mandatory payrolling of benefits in kind (BIK) and taxable employment expenses will now be introduced from April 2027, a year later than initially planned.
HM Revenue & Customs (HMRC) has recently temporarily suspended telephone and webchat services for Self-Assessment repayment requests.
If you have undeclared income or assets held overseas, you may owe tax in the UK. Read more…