Economy
HMRC urges companies to crack down on R&D tax fraud and error
Thursday, 16 February 2023, 10:21
HMRC urges companies to crack down on R&D tax fraud and error
HMRC has written to more than 2,000 companies as part of its ever-increasing compliance activity to crack down on fraudulent…
Inflation falls to 10.1% in January
Wednesday, 15 February 2023, 10:37
Inflation falls to 10.1% in January
Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to…
UK narrowly avoids recession as economy flatlines in Q4
Friday, 10 February 2023, 11:12
UK narrowly avoids recession as economy flatlines in Q4
The UK economy narrowly avoided recession as the latest figures from the Office for National Statistics (ONS) shows there was…
ICAEW calls for emergency taskforce to target HMRC backlog
Thursday, 9 February 2023, 11:05
ICAEW calls for emergency taskforce to target HMRC backlog
ICAEW has called for the immediate creation of a cross-sector taskforce to help tackle the long-standing delays at HMRC. It…
BoE raises interest rates to 4%
Thursday, 2 February 2023, 12:21
BoE raises interest rates to 4%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
Profit warnings across UK companies rise by 50% in 2022, EY finds
Tuesday, 31 January 2023, 9:57
Profit warnings across UK companies rise by 50% in 2022, EY finds
Total profit warnings issued in the UK last year increased by 50% from the previous year , rising from 305…
UK M&A activity in 2022 cools from record high
Wednesday, 25 January 2023, 10:50
UK M&A activity in 2022 cools from record high
UK M&A activity in 2022 slowed down from its record-setting 2021 activity to pre-pandemic levels, with economic headwinds affecting the…
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…