Economy
Inheritance tax receipts up by £700m against last year
Tuesday, 24 January 2023, 10:18
Inheritance tax receipts up by £700m against last year
The Treasury received £5.3bn in inheritance tax receipts between April and December 2022, £700m more than the same period last…
UK inflation dips for second consecutive month
Wednesday, 18 January 2023, 10:06
UK inflation dips for second consecutive month
UK inflation fell slightly for the second consecutive month from 10.7% to 10.5% in December as easing fuel costs were…
AICPA & CIMA propose policy action for tackling inflation
Monday, 16 January 2023, 11:12
AICPA & CIMA propose policy action for tackling inflation
AICPA and CIMA have together published a new report that sets out proposed policy action which could help lower inflation…
UK economy beats expectations as it grows 0.1% in November
Friday, 13 January 2023, 10:42
UK economy beats expectations as it grows 0.1% in November
The UK economy unexpectedly grew by 0.1% in November as the World Cup helped boost restaurant and pub sales, according…
Deloitte: UK firms less likely to borrow in 2023
Tuesday, 3 January 2023, 10:08
Deloitte: UK firms less likely to borrow in 2023
UK businesses are less likely to borrow money now than at any point since the financial crash of 2008, according…
MTD for ITSA delayed until April 2026
Tuesday, 20 December 2022, 10:42
MTD for ITSA delayed until April 2026
The government has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), which will represent a change…
Tax dodging cost HMRC £9bn during Covid, says NAO
Friday, 16 December 2022, 10:51
Tax dodging cost HMRC £9bn during Covid, says NAO
HMRC’s compliance work generated around £9bn less tax revenue than normal during the pandemic as thousands of tax compliance staff…
Bank of England raises interest rates by 0.5% to 3.5%
Thursday, 15 December 2022, 12:13
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
Inflation falls to 10.7%
Wednesday, 14 December 2022, 11:03
Inflation falls to 10.7%
UK Inflation fell to 10.7% in November, down from 11.1% in October, but still remains close to a 40-year high…
HMRC reaches £56m settlement with Rangers liquidator
Monday, 12 December 2022, 10:57
HMRC reaches £56m settlement with Rangers liquidator
BDO, the liquidator of Rangers football club, has reached a £56m agreement with HMRC to settle a tax dispute regarding…