Millions of UK taxpayers remain at risk of a £100 fine if they fail to file their online self-assessment tax returns by midnight tonight, according to HM Revenue & Customs (HMRC). The warning comes as…
Category:
Business
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Roman Abramovich, the sanctioned Russian oligarch, is facing renewed scrutiny after a group of MPs urged HM Revenue & Customs (HMRC) to investigate allegations that he may owe up to £1 billion in unpaid taxes.…
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From Saturday, the cost of wine and spirits will climb as the government raises alcohol duty in line with inflation and implements new rules linking tax levels to the strength (ABV) of each drink. While…
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For a while now, the steady increase in the price of coffee has been subject to worldwide discussions—and yet the tail end of November brought an unprecedented price surge with it. It was during this…
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US President Donald Trump has reaffirmed plans to impose 25% border taxes on imports from Canada and Mexico, effective 1 February, but left open whether the measures will extend to oil shipments. He said the…
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Innovate UK has temporarily halted its Smart Grants programme—worth £25 million a year—to overhaul how it supports small and medium-sized enterprises (SMEs). The pause aims to address oversubscription issues, with success rates reportedly falling below…
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Homebase collapsed into administration in November, revealing it owed more than £650 million to unsecured creditors including AO World, Halfords, and The Hut, according to documents newly filed at Companies House. Teneo, the appointed administrator,…
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Premium mixer maker Fevertree has secured a deal with US beverage giant Molson Coors that will see the latter take an 8.5 per cent stake in the British-based company for £71 million, or 654.2p per…
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OpenAI, the maker of ChatGPT, is in discussions to raise close to $40 billion in fresh funding—almost doubling its valuation to as high as $340 billion, according to reports. The San Francisco-based company was last…
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Donald Trump’s social media venture, Trump Media & Technology Group (TMTG), has unveiled plans to expand into cryptocurrency and fintech services through a new brand dubbed Truth.Fi. The announcement sent shares in TMTG—owner of the…