Business & Industry
Future of Finance 2025
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Breaking the gridlock: tax reform as the key to housing and regional growth
The UK’s housing market faces regional growth challenges, worsened by an ineffective tax framework. Comprehensive tax reform is needed to promote equitable housing development and reduce regional disparities. The Government’s ambitious pledge to build 1.5 million homes over five years underscores the critical need for such reform. However, achieving this target requires more than just...
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The rise of APP fraud in the UK
Fraud is rising globally as technology enables more sophisticated scams. Authorised push payment (APP) fraud, the largest payment fraud in the UK, caused £459.7 million in losses in 2023 (UK Finance, 2024). According to The Payment Systems Regulator (PSR), in 2023, purchase scams (a form of APP fraud), accounted for 68% of reported incidents, causing...
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Why small firms need flexible support channels for tax compliance
The UK’s 5.5 million small businesses lose 280 million hours and £25 billion annually to tax compliance,1 with huge productivity gains possible by reducing this burden. A swift and responsive customer services system from HM Revenue & Customs (HMRC) would be a huge help. People who run small firms want to pay the correct amount...
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Why 2025 is a critical year for UK fintech leadership
This year is shaping up to be a critical year for both UK and global fintech, as we face an ever-evolving landscape of geopolitical, regulatory and technological changes. With these fintech shifts come new challenges, but also huge opportunities to accelerate the growth of the sector. If the UK is to maintain its international leadership...
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RegTech: the digital guardian protecting people and systems
From combatting fraud to improving regulatory efficiency, RegTech equips industries with the means to secure trust, integrity and resilience. Regulatory technology (RegTech) is more than just a series of regulation and compliance tools, it’s a community supporting digital solutions and systems to protect people in an era fraught with digital risks. Growing ecosystem with real...
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The rise of third-party tax data and what you need to know
As technology advances, it has become easier for HMRC to locate and use third-party data to calculate individuals’ tax bills — but there are pitfalls to watch out for. When it comes to your tax affairs, unless you are one of the 12 million people required to submit a tax return, you will probably be...
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Digital tax for self-employed and landlords
We are embarking on a digital transformation aimed at modernising the UK’s tax system. This will reduce the potential for error and support business productivity and growth. Making Tax Digital (MTD) for Income Tax will make it easier for self-employed people and landlords to manage their tax, enabling businesses to take another step towards getting...