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FRC fines BDO and partner £1.3m over NMCN accounting failures

FRC fines BDO and partner £1.3m over NMCN accounting failures

Caroola Accountancy recruits sixth cohort of apprentices

Caroola Accountancy recruits sixth cohort of apprentices

What was everyone talking about at accountex 2026?

What was everyone talking about at accountex 2026?

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Economy

Economy analyses the wider financial and market conditions shaping the operating environment for UK accountancy firms and their clients. Covering GDP trends, inflation, interest rates, fiscal policy, and government budgets, this section connects economic developments to their impact on audit, tax, and advisory work. Accountancy Today’s Economy coverage provides data-driven insights and expert commentary to help professionals assess risks, plan strategy, and advise clients effectively in a changing marketplace.

Economy

Economy analyses the wider financial and market conditions shaping the operating environment for UK accountancy firms and their clients. Covering GDP trends, inflation, interest rates, fiscal policy, and government budgets, this section connects economic developments to their impact on audit, tax, and advisory work. Accountancy Today’s Economy coverage provides data-driven insights and expert commentary to help professionals assess risks, plan strategy, and advise clients effectively in a changing marketplace.

UK economy shrinks in May

The UK economy contracted by 0.1% in May as output was negatively affected by the King’s…

Cost of living crisis to wipe £65bn from household finances

Inflation and the cost of living crisis are set to wipe £65bn from household finances across…

New information hub launched by The Insolvency Service

The Insolvency Service announced the launch of a new online information hub to support…

BDO warns HMRC still has ‘a mountain to climb’ to collect £48bn in unpaid taxes

BDO has warned there is still “a mountain to climb” to collect £48bn in unpaid taxes, after…

Underpaid tax by wealthy individuals jumps 21% to £1.7bn

HMRC believes that wealthy individuals underpaid tax to the tune of £1.7bn in the 2022/3 tax…

BoE raises interest rate to 15-year high

The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the…

Tax gap remains steady at 4.8%, says HMRC

The amount of unpaid UK tax has remained at an “all-time low” of 4.8%, HMRC has revealed. 

IHT receipts up by £100m against last year

HMRC has revealed that inheritance tax receipts for April and May 2023 reached £1.2bn, a…

Inflation fails to fall in May

Inflation in the UK remained unchanged at 8.7% in the year to May, dashing hopes that prices…

HMRC issued over 18,000 penalties over errors on tax returns last year

HMRC issued 18,641 penalties to taxpayers over careless mistakes made on tax returns last…
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