The economy is continuing to grow, according to the latest figures for the April to June quarter. Gross Domestic Product (GDP) is estimated to have increased by 0.6% for the quarter. This compares with an increase of 0.7% for the January to March quarter. Two quarters...
The Bank of England’s decision to reduce the base rate to 5% means that HM Revenue & Customs (HMRC) will also reduce their interest rates. The interest rates charged by HM Revenue and Customs on late tax payments, as well as the rates they pay on repayments are...
The UK government has announced £32 million in funding for 98 innovative AI projects, aimed at improving efficiency in various sectors. These include delivery of prescriptions, railway maintenance and training construction workforces. The funding will support over 200...
The previous government included plans to end non-domiciled tax status at the Spring Budget and replace it with a 4-year foreign income and gains (FIG) regime. The new government have now announced their intention to continue with these plans, while ending some...
Dealing with HM Revenue & Customs (HMRC) can often be challenging. Long wait times when calling for assistance, incorrect refund amounts, errors in tax codes, and other issues can be frustrating. Recently, the decline in service standards from HMRC has been...
The National Cyber Security Centre (NCSC) has released guidance aimed at assisting developers, engineers, decision-makers, and risk owners in the creation and use of machine learning systems. Machine learning is a form of artificial intelligence where computers...