Economy
Accounting industry ‘fails to keep pace’ in August as revenues fall 8.7%
4 days ago
Accounting industry ‘fails to keep pace’ in August as revenues fall 8.7%
Revenues in the UK accounting industry fell by 8.7% to £3.43bn in August, according to the latest ONS figures. This marks…
HMRC chief Jim Harra to step down
2 weeks ago
HMRC chief Jim Harra to step down
HMRC chief Jim Harra has announced that he is stepping down from the role in the spring. In a LinkedIn…
Majority of financial bosses bracing for Budget impact, KPMG says
2 weeks ago
Majority of financial bosses bracing for Budget impact, KPMG says
Three quarters of financial services leaders are preparing for the Chancellor’s upcoming Budget to have at least a moderate impact…
PCS welcomes chancellor’s promise to recruit 5,000 HMRC staff
3 weeks ago
PCS welcomes chancellor’s promise to recruit 5,000 HMRC staff
The Public and Commercial Services Union (PCS) has welcomed chancellor Rachel Reeves’ promise to recruit 5,000 new compliance officers in…
Electronic invoicing and tax avoiders on chancellor’s agenda
3 weeks ago
Electronic invoicing and tax avoiders on chancellor’s agenda
New chancellor Rachel Reeves has revealed that she wants to add 5000 new officers to HMRC in the next five…
BoE holds interest rates at 5%
4 weeks ago
BoE holds interest rates at 5%
The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the…
Inflation holds steady at 2.2% in August
4 weeks ago
Inflation holds steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of…
UK economy stagnates for second consecutive month
Wednesday, 11 September 2024, 10:43
UK economy stagnates for second consecutive month
The UK economy experienced no growth for the second consecutive month in July, underperforming analysts’ expectations of 0.2% growth for…
Budget attack on IHT ‘could harm the economy’, Hurst says
Friday, 30 August 2024, 10:30
Budget attack on IHT ‘could harm the economy’, Hurst says
Entrepreneurs could be driven away from the UK if the Labour government “attacks business relief” on inheritance tax in the…
HMRC tax reliefs to creative industries rise by 16% to £2.2bn
Thursday, 29 August 2024, 11:50
HMRC tax reliefs to creative industries rise by 16% to £2.2bn
HMRC paid out £2.2bn to creative industries through tax reliefs in the year ended 31 March 2023, up by 16%…