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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Retail sales fall in May
ONS report shows a drop in food purchases
Businesses don’t think MTD applies to them, poll finds
HMRC study shows confusion around MTD requirements.
HMRC targets rogue tax refund agents
A 12 week consultation has launched to look at protective measures.
Taxpayers unprepared for Making Tax Digital
Only 4 in 10 think new rules will be easy to follow.
HMRC reminds businesses to update basic PAYE tools
Tools should be updated ahead of National Insurance threshold increase.
Inflation rises to 9.1%
CPI rate at the highest level for 40 years.
HMRC increases checks on R&D claimants
Stricter measures rolled out to crack down on relief abuse.
HMRC late payment fees to be revised
The changes will reflect BoE’s interest rate increase.
Bank of England raises interest to 1.25%
Interest rate hits 13-year-high.
MTD for ITSA opened to more taxpayers
HMRC aims for more testing before rollout in 2024.