HMRC: 3.3 Million Must File Tax Returns to Avoid £100 Fine
HM Revenue and Customs urges millions to file Self Assessment tax returns before January 31 deadline or face automatic £100 penalty, with payment plan options available.
Category : Economy
3.3m Taxpayers Urged to File Returns Before Deadline
HM Revenue and Customs warns over three million people have just a week left to file their self-assessment tax returns or face automatic penalties. The deadline is January 31.
UK Business Growth Hits 21-Month High in January
The UK's private sector expanded at its fastest rate since April 2024, with the S&P Global PMI rising to 53.9 in January, significantly exceeding economists' forecasts.
Davos Final Day: Global Economy Focus Amid Warnings
The World Economic Forum concludes in Davos with global economy discussions. ECB's Lagarde warns of trust erosion from Trump's threats, while IMF and WTO leaders assess outlook.
Peter Kyle's 'Betting Big' Strategy for UK Economic Growth
UK Business Secretary Peter Kyle outlines an activist industrial policy at Davos, focusing on scaling businesses and attracting global talent to boost growth.
Child Benefit Rates to Rise from April 2026
HMRC confirms Child Benefit payments will increase by 3.8% from April 2026, with new weekly rates for first and additional children. Details on eligibility and the High Income Child Benefit Charge.
Millionaires Demand Higher Taxes on Super-Rich
Over 3,000 millionaires and billionaires sign open letter calling for wealth taxes, arguing extreme inequality threatens democracy and planetary stability.
Government Borrowing Falls Sharply as Tax Receipts Surge
Official figures reveal UK government borrowing dropped to £11.6 billion in December, a 38% decrease from 2024, driven by increased tax receipts including national insurance contributions.
Trump's Economic Promises Fail as Voter Discontent Grows
Donald Trump's first year back in office sees food and energy prices rising faster than under Biden, with voters expressing strong disapproval of his economic management despite a flurry of new policy proposals.
Reeves Denies Rate Relief Extension to Hospitality
Chancellor Rachel Reeves refuses to extend business rate relief beyond pubs, despite evidence of massive job losses and calls from hotels, restaurants, and cafes for support.
Government Borrowing Falls Sharply as Tax Receipts Surge
Official figures reveal UK government borrowing dropped sharply to £11.6 billion in December, with tax receipts boosted by national insurance increases outweighing spending rises.
UK Government Borrowing Falls to £11.6bn in December
Official figures show UK government borrowing dropped to £11.6bn in December, better than expected, but debt interest remains a significant burden on public finances.
Reeves' Tax and Spending Strategy in Public Finance Figures
December public finance figures show central government receipts up 8.9% to £94bn with tax income rising £4.6bn, but spending increased 3.5% including £2.1bn extra on welfare. Borrowing stood at £11.6bn.
Government Borrowing Falls Sharply as Tax Receipts Jump
Official figures reveal UK government borrowing dropped to £11.6 billion in December, a 38% decrease from 2024, driven by higher tax and national insurance receipts.
HMRC Warning: Millions Must Find 10-Digit Tax Number
HMRC has issued an urgent alert to millions of UK taxpayers, stressing the necessity of locating their 10-digit Unique Taxpayer Reference before the looming Self Assessment deadline to avoid substantial penalties.
OECD Calls for GST Hike and More Affordable Housing in Australia
The OECD's economic survey recommends Australia broaden the GST, increase affordable housing, and cut emissions to address budget deficits and economic challenges.
Business Leaders Demand SNP Tax Reversal and Quango Cull
Sir Tom Hunter and over 200 entrepreneurs call for aligning Scottish income tax with UK rates, slashing red tape, and cutting public sector costs to unlock £20bn growth.
Minneapolis Businesses Struggle Under Trump Immigration Sweeps
Minneapolis businesses report devastating sales drops and closures as Trump administration immigration enforcement sweeps create widespread fear and economic paralysis across the city.
US Wealth Gap: Top 1% Gains $5.6 Trillion, Average Americans Fall Behind
Federal Reserve data reveals the top 1% of Americans increased their wealth by $5.6 trillion in 2025, now controlling a third of national wealth while average citizens face declining fortunes.
Hunter's Manifesto: Quango Bonfire and 100,000 Jobs
Billionaire Sir Tom Hunter releases pro-business manifesto for Scotland, calling for tax cuts, planning reform, and quango abolition to boost economy.
IMF's Calm Language Masks Global Economic Turmoil
The IMF's latest World Economic Outlook report uses banal language to describe escalating trade tensions and geopolitical instability, while ignoring Donald Trump's disruptive actions that threaten global economic stability.
Firms Warn Over Impact of Rising Business Costs
Major UK firms including Currys, JD Wetherspoon and Morrisons warn that government policies are driving up business costs, impacting profits and threatening jobs across retail and hospitality sectors.
Millionaires Demand Higher Taxes on Super-Rich at Davos
Nearly 400 millionaires and billionaires sign open letter at World Economic Forum calling for higher taxes on the ultra-wealthy to address inequality and environmental breakdown.
Wealthy Signatories Call for Higher Taxes on Super-Rich
Nearly 400 millionaires and billionaires, including Mark Ruffalo and Brian Eno, have signed an open letter urging global leaders to increase taxes on the super-rich, citing concerns over political influence and inequality.
Hunter's Manifesto: Quango Bonfire, 100,000 Scottish Jobs
Billionaire Sir Tom Hunter unveils pro-business manifesto for Scotland, proposing sweeping reforms to tax, planning and regulation to boost economic growth and create over 100,000 new jobs.
Davos: Global Power and Pricey Networking History
From its 1971 debut as a £700 seminar to today's exclusive summit, the World Economic Forum in Davos has evolved into a hub for world leaders and tycoons, shaping economic discourse amid Alpine snow and hot air.
HMRC Loses 62% of Penalty Appeals Before Deadline
New figures reveal taxpayers win over 62% of appeals against HMRC penalties, with experts urging people to challenge fines before the 31 January self-assessment deadline.
IRS Announces Major Reorganisation Ahead of 2026 Tax Season
The head of the IRS has announced a significant shake-up of personnel and priorities just days before the 2026 tax filing season begins, aiming to improve taxpayer service and modernise the agency during a period of major tax law changes.
Millionaires Call for Higher Taxes on Super-Rich
Nearly 400 millionaires and billionaires, including Mark Ruffalo and Brian Eno, have signed an open letter demanding higher taxes on the ultra-wealthy to combat political influence and inequality.
UK Food Security Crisis: Market Reliance Fails as Nations Build Reserves
As climate shocks and geopolitical tensions disrupt global food supplies, Britain's reliance on market mechanisms leaves households vulnerable while European nations rebuild strategic reserves.
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