Economy
New HMRC Edinburgh Regional Centre opens
Tuesday, 6 September 2022, 10:09
New HMRC Edinburgh Regional Centre opens
HM Revenue and Customs’ (HMRC) Edinburgh Regional Centre and UK Government hub has recently been opened by secretary of state…
Pound nears record low amid ongoing energy crisis
Monday, 5 September 2022, 11:02
Pound nears record low amid ongoing energy crisis
The pound has almost reached historic lows as Europe continues to be rocked by an ongoing energy crisis and the…
Energy price cap to rise by 80% to £3,549 from October
Friday, 26 August 2022, 12:06
Energy price cap to rise by 80% to £3,549 from October
Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual…
Business confidence plunges amid rising costs, warns ICAEW
Friday, 26 August 2022, 10:59
Business confidence plunges amid rising costs, warns ICAEW
Business confidence is said to have weakened in all UK nations and regions, with those in Scotland and Wales being…
UK economy shrank by 11% in 2020, largest fall in 300 years
Tuesday, 23 August 2022, 10:20
UK economy shrank by 11% in 2020, largest fall in 300 years
Updated figures from the Office for National Statistics have shown that the UK economy suffered a greater fall than first…
HMRC issues more fines for deliberate corporation tax misinformation
Monday, 22 August 2022, 11:22
HMRC issues more fines for deliberate corporation tax misinformation
The number of businesses fined by HMRC for deliberately obscuring corporation tax has increased to its highest level in four…
Inflation hits new 40-year high at 10.1%
Wednesday, 17 August 2022, 10:12
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI)…
HMRC increases late payment interest
Monday, 15 August 2022, 10:03
HMRC increases late payment interest
HMRC has announced that interest rate will increase with effect from 15 August 2022 for late quarterly instalment payments, and…
UK economy contracts 0.1% in second quarter
Friday, 12 August 2022, 10:27
UK economy contracts 0.1% in second quarter
The UK economy contracted by 0.1% in the second quarter of the year (Apr to June) 2022, according to the…
HMRC receives 14,000 furlough fraud reports from whistleblowers
Wednesday, 10 August 2022, 11:07
HMRC receives 14,000 furlough fraud reports from whistleblowers
The HMRC has received 13,775 whistleblower reports regarding fraud against the furlough scheme, with more people reporting their employers and…