Economy
UK economy avoids recession amid 0.1% growth
Friday, 31 March 2023, 10:59
UK economy avoids recession amid 0.1% growth
The UK economy narrowly avoided a recession during the fourth quarter (Oct-Dec) as UK GDP increased 0.1%, revised up from…
HMRC wins IR35 case against Eamonn Holmes
Friday, 31 March 2023, 10:33
HMRC wins IR35 case against Eamonn Holmes
HMRC has won an appeal case against Eamonn Holmes over a tax bill from his employment contract with ITV when…
Azets director calls for reversal of OTS abolition
Tuesday, 28 March 2023, 11:09
Azets director calls for reversal of OTS abolition
A leading consultant at Azets has called on the government to reverse its decision to abolish the Office of Tax…
HMRC’s OCW unit opened 25 tax fraud investigations last year
Monday, 27 March 2023, 10:44
HMRC’s OCW unit opened 25 tax fraud investigations last year
HMRC’s Offshore, Corporate and Wealthy (OCW) unit opened criminal investigations into 25 wealthy individuals over suspected serious criminal tax frauds…
HMRC simplifies VAT guidance for overseas sellers
Friday, 24 March 2023, 11:06
HMRC simplifies VAT guidance for overseas sellers
HM Revenue and Customs (HMRC) has published simplified VAT guidance for overseas sellers, with a new translation aimed at Chinese…
BoE raises interest rates to 4.25%
Thursday, 23 March 2023, 12:23
BoE raises interest rates to 4.25%
The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate…
Inflation unexpectedly jumps to 10.4% amid rising food prices
Wednesday, 22 March 2023, 10:45
Inflation unexpectedly jumps to 10.4% amid rising food prices
The UK inflation rate unexpectedly increased to 10.4% in February driven by increased drink and food prices which reached their…
UK gaming companies more than quadrupled since 2019, RSM finds
Wednesday, 22 March 2023, 10:05
UK gaming companies more than quadrupled since 2019, RSM finds
The number of new gaming companies incorporated in the UK has more than quadrupled when compared to pre-pandemic levels, according…
IHT receipts show new year-on-year rise
Tuesday, 21 March 2023, 11:23
IHT receipts show new year-on-year rise
IHT receipts for April 2022 to February 2023 were £6.4bn, which is £0.9bn higher than the same period a year…
Accountancy sector welcomes Spring Budget’s boost for businesses
Thursday, 16 March 2023, 11:06
Accountancy sector welcomes Spring Budget’s boost for businesses
The accountancy sector has largely welcomed the measures put forward by chancellor Jeremey Hunt in his Spring Budget yesterday, particularly…