Business & Industry
Future of Finance 2025
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Innovation in payments enters a new chapter
As transformation matures, the focus shifts to artificial intelligence (AI), compliance and efficiency. Financial innovation continues evolving, shaping the way we interact with digital commerce. According to Jim McCarthy, chief executive officer of global payments processor Thredd, we’re currently in the middle stages of this transformation: while significant progress has been made, there’s still more...
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Ways for companies to align tax strategies with ESG goals
Tax is an area of sustainability that’s often overlooked, but it’s vitally important to responsible governance, as well as for delivering social impact. Luckily, businesses and their investors are increasingly recognising this, and putting some powerful practice into play. Responsible tax supports sustainability It’s perhaps understandable that tax hasn’t been top of the sustainability agenda,...
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Getting small businesses ready for the digital tax era
Experts are warning small businesses and sole traders to begin making the transition to digital tax submissions as HMRC prepares to implement sweeping changes. While making the digital switch may seem a daunting step for small businesses, sole traders and landlords, it is the way HMRC wants businesses to deliver their accounts going forward. Experts...
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Why UK startups are turning to EIS for growth and investment in 2025
The Enterprise Investment Scheme (EIS) supports UK economic growth by encouraging investment in startups and SMEs through tax reliefs, boosting innovation and business expansion. Young startups with little to no trading history face high risks, making traditional financing difficult. Private investors often demand excessive equity, making investment costly. The EIS mitigates this risk with generous...
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Keep your business healthy by planning for tax changes
There are two certainties in life: death and taxes. Both are inevitable, but at least with tax planning, the key dates and deadlines are very clear. With new legislation, such as Making Tax Digital for Income Tax (MDT IT), the mandatory filing requirements are causing accountants and bookkeepers to change how they approach their day-to-day...
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Time for a devolution dividend: strengthening the local tax base can boost UK growth
Growth has been weak since the global financial crisis, and public services have been stretched thin. Part of the solution to this bind may lie in reforming local taxes. Across the OECD, subnational governments power growth. They are responsible for over 50% of total public investment and hold key levers over housing, transport, planning and...
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Opening the door to a smart data economy
The UK leads the way in developing a smart data economy, building on data-sharing principles pioneered by open banking, the first smart data scheme in existence. Expanding this data sharing to other financial services, such as mortgages, savings and investments and other key sectors can deliver cost and efficiency savings for consumers and businesses, as...
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Protected: How can a gift to charity in your Will make your estate work harder?
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Enabling hyper-personalised banking experiences with genAI
Generative AI is revolutionising hyper-personalisation in banking. However, challenges remain. Richard Keirnan, Global Head of AI Platforms at NatWest Group, explores hyper-personalisation with genAI with leading financial services events provider, MoneyNext. GenAI vs traditional methods Automation, dynamic content generation and multimodal inputs set generative AI apart from traditional personalisation methods. Unlike static rule-based approaches, generative...
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A reflection on 20 years of HMRC customer service
April will mark 20 years since HMRC was formed by the merger of HM Customs and Excise (C&E) and the Inland Revenue (IR). I worked in C&E at Thomas Paine House (TPH) in Angel, London, at the time. TPH, like hundreds of other premises, is no longer a tax office. Many of those around at...