Rates reform top of independent retailers’ Budget asks.
Retailers urge Budget to restore business confidence
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Government Announcements
Bank holds base rate at 4% ahead of Budget
Tight vote signals caution ahead of the Budget.
Strategy pledges growth‑friendly rules for UK finance
Government targets competitiveness in regulatory overhaul.
HMRC guidance brings crypto reporting framework closer
Platforms must report users’ crypto data from 2026.
HMRC interest rates to fall from 28 May
0.25% cut follows drop in base rate.
HMRC stops phone support for UTR numbers
Taxpayers must now go online or wait by post.
Spring tax update defers payrolling benefits to 2027
CEST revision and NIC election change also headline spring update.
New PAYE notice and workday-relief cap
Employers must act on revised PAYE and relief rules.
Government steps in to save British Steel
Emergency law passed to avoid furnace shutdown.
Spring Statement sees 10% late payment penalty introduced
Treasury doubles down on late payment enforcement.
Late payment penalties for taxpayers announced in Spring Statement
Higher fines and interest from April 2025.
New Companies House registration rules for accountants
Identity verification to be phased in from April 2025.
Updates to Employment Rights Bill passed
Tribunal claims, guaranteed hours, fire, and rehire all updated.
HMRC cuts late payment interest to 7%
Late payment and repayment rates reduced from 25 February.
Bank of England cuts interest rates to 4.5%
Inflation forecast to rise as economy stalls.
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