Economy
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…
UK extends Swiss Mobility Services Agreement
Monday, 21 November 2022, 10:01
UK extends Swiss Mobility Services Agreement
The UK and Switzerland have agreed a three-year extension to the Services Mobility Agreement, which enables UK professionals to work…
Industry reacts: Autumn Statement ‘light on growth’
Friday, 18 November 2022, 11:05
Industry reacts: Autumn Statement ‘light on growth’
While the accountancy sector has welcomed the “stability” encouraged by the latest Autumn budget, it has warned the UK now…