Economy
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…
UK economy returns to growth in October
Monday, 12 December 2022, 10:57
UK economy returns to growth in October
The UK economy returned to growth in October following the period of national mourning after the death of the Queen,…
£50m in Self Assessment payments made through HMRC app
Thursday, 8 December 2022, 10:59
£50m in Self Assessment payments made through HMRC app
More than 50,000 customers have used the HMRC app to make £50m in Self Assessment payments since February 2022, HMRC…
HMRC officially opens new Welsh hub
Wednesday, 7 December 2022, 10:12
HMRC officially opens new Welsh hub
The government has officially opened its new hub, managed by HM Revenue and Customs, Tŷ William Morgan in Cardiff. The…
Inheritance tax receipts reach £4.1bn
Tuesday, 22 November 2022, 10:00
Inheritance tax receipts reach £4.1bn
The Treasury has received £4.1bn in inheritance tax receipts between April and October 2022, £500m more than the same period…