Economy
Big businesses are HMRC’s ‘best bet’ for tax yields, says Pinsent Masons
Tuesday, 8 November 2022, 10:51
Big businesses are HMRC’s ‘best bet’ for tax yields, says Pinsent Masons
Every pound spent on investigating large businesses yielded £56 in extra tax for HMRC last year, according to law firm…
BoE raises interest rates to 3%
Thursday, 3 November 2022, 14:20
BoE raises interest rates to 3%
The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it…
Uber settles £615m VAT claim with HMRC
Wednesday, 2 November 2022, 11:09
Uber settles £615m VAT claim with HMRC
Uber has confirmed in its third quarter results it has agreed to a £615m settlement with HMRC in order to…
Corporate insolvencies up 71% in Q3
Friday, 28 October 2022, 11:20
Corporate insolvencies up 71% in Q3
Corporate insolvencies increased 71% in Q3 with formal corporate insolvency appointments currently over 50% higher than levels in 2021, according…
Treasury Committee seeks chair to replace Mel Stride
Thursday, 27 October 2022, 10:31
Treasury Committee seeks chair to replace Mel Stride
The Treasury Committee is reportedly looking for a new member of parliament to replace its former chair, Mel Stride, after…
Rishi Sunak to become next PM
Monday, 24 October 2022, 14:44
Rishi Sunak to become next PM
Rishi Sunak is set to become the next leader of the Conservative party and the UK prime minister after becoming…
MPs call for crackdown on advisors enabling tax avoidance schemes
Monday, 24 October 2022, 10:30
MPs call for crackdown on advisors enabling tax avoidance schemes
A group of cross-party MPs have called on the UK government to crack down on the accountants and financial advisors…
HMRC opens Belfast Regional Centre and UK Government hub
Friday, 21 October 2022, 11:28
HMRC opens Belfast Regional Centre and UK Government hub
HMRC’s Belfast Regional Centre and UK Government hub has been formally opened by Chris Heaton-Harris MP, secretary of State for…
Inheritance tax receipts hit £3.5bn this year
Friday, 21 October 2022, 10:29
Inheritance tax receipts hit £3.5bn this year
Inheritance tax receipts have hit £3.5bn in the six months to September 2022, £400 more than in the same period…
Liz Truss steps down as prime minister
Thursday, 20 October 2022, 13:48
Liz Truss steps down as prime minister
Liz Truss has announced that she is standing down as prime minister after a turbulent week for the government, just…