Economy
City workers given 10% pay lift while low earners see only 1% rise
Monday, 8 August 2022, 10:46
City workers given 10% pay lift while low earners see only 1% rise
The highest earners in the UK, including those in the accountancy and finance sector, have enjoyed an annual pay growth…
Capital Gains Tax hit record £14bn in 2021
Friday, 5 August 2022, 10:32
Capital Gains Tax hit record £14bn in 2021
The Treasury has witnessed record amounts of Capital Gains Tax (CGT) in the year ended 5 April 2021, with CGT…
BoE hikes rates to 1.75%, warns UK to enter recession until 2024
Thursday, 4 August 2022, 12:27
BoE hikes rates to 1.75%, warns UK to enter recession until 2024
The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since…
Conservative leadership candidates set out tax plans
Wednesday, 27 July 2022, 10:39
Conservative leadership candidates set out tax plans
Rishi Sunak and Liz Truss have laid out their tax plans for the country should they become the next prime…
Prison sentences for tax evasion surge 42% amid HMRC crackdown
Thursday, 21 July 2022, 10:58
Prison sentences for tax evasion surge 42% amid HMRC crackdown
The prison sentence for tax evaders who have been sentenced has jumped 42% in the past 12 months, from a…
HMRC issues 80% more penalties for tax return mistakes
Thursday, 21 July 2022, 10:53
HMRC issues 80% more penalties for tax return mistakes
HMRC has handed out 80% more penalties for “careless errors” made by taxpayers in their tax returns, with 89,317 penalties…
Two-thirds of finance leaders brace for recession
Wednesday, 20 July 2022, 10:27
Two-thirds of finance leaders brace for recession
Finance leaders have assigned a 63% probability of experiencing a recession within the next year, amid rising inflation and economic…
UK GDP returns to surprise growth in May
Wednesday, 13 July 2022, 11:03
UK GDP returns to surprise growth in May
The UK economy grew by 0.5% in May according to the latest figures from the Office For National Statistics (ONS),…
HMRC formally opens Birmingham regional centre
Friday, 1 July 2022, 10:07
HMRC formally opens Birmingham regional centre
HMRC’s Birmingham regional centre and UK Government hub has been formally opened by Jim Harra, HMRC’s first permanent secretary and…
HMRC suspects 208 large businesses of underpaying VAT
Tuesday, 28 June 2022, 10:16
HMRC suspects 208 large businesses of underpaying VAT
HMRC reportedly suspects that 208 of the UK’s largest businesses have underpaid VAT by an average of £13.4m each, according…