Companies House launches new powers to fight fraud

Starting from Monday (4 March), Companies House is employing new, stronger powers to enhance data accuracy and combat misuse of the companies register in accordance with the Economic Crime and Corporate Transparency Act 2023. These initial changes include: Enhanced...

UK house prices rise as interest rates fall

In February, UK house prices experienced their first annual increase in over a year, signalling a rejuvenation in the housing market spurred by reduced borrowing costs. Nationwide has reported that the average house price climbed to £260,420, marking a 0.7% rise from...

UK banks close over 140,000 SME accounts

According to a Treasury Committee inquiry, over the past year, 2.7% of SME accounts, equating to 141,620 out of approximately 5.3 million, have been closed by major banks including Barclays, HSBC, TSB, Lloyds, Santander, NatWest, Metro, and Handelsbanken. The...

ICAEW advocates bold future action for economy

The Institute of Chartered Accountants in England and Wales (ICAEW) is pushing for significant reforms in the lead-up to the upcoming Spring Budget on 6 March. Following consultations with its members and research findings, the professional body is advocating for the...

HMRC performance survey sparks scrutiny

The Charter Stakeholder Group's survey assessing HMRC's performance for the 2023/24 financial year has begun taking feedback. The survey maintains the same criteria as the previous year and invites participants to rate HMRC on a scale from 1 to 10 in several areas:...