Three former Monzo employees have raised £2.8 million in a seed round led by LocalGlobe for Gradient Labs, an AI customer service startup and client of that supports companies in “complex and high-risk environments ”. 

A new report from Xero explores the nuances of how consumers and small businesses around the world make and collect payments.

The UK will host a major International Investment Summit on 14 October 2024, advancing opportunities for investment and growth across the country.

A reduction in the base rate from 5.25% to 5% has been voted by the Bank of England. After nearly three years of increases, the rate has been cut for the first time since 2020.

If your company spends money on research and development, such as creating new products, services, or processes - or improving existing ones - you may be able to claim tax relief.

In the UK, firms engaged in research and development are encouraged to claim any R&D tax relief they are entitled to. 

The VAT Registration Estimator has been developed after feedback from small businesses suggested an online tool would be helpful to show when their turnover could require businesses to register for VAT and its effect on profits.

Proposed amendments to the Companies Act 2006 introduce stringent identity verification for those setting up, running or controlling companies, in a bid to stamp out money laundering via fake identities.

Xero, the global small business platform, today announced the findings of its ‘Settle Up’ report, which found 62% of UK consumers surveyed expect tackling late payments to be a priority for government.

In order to assist smaller UK businesses in acquiring the funds they need for expansion, the British Business Bank has introduced the Growth Guarantee Scheme.