Economy
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…
Wise CEO under investigation for tax breach
Monday, 27 June 2022, 11:23
Wise CEO under investigation for tax breach
Wise, the money transfer group, has revealed that CEO and co-founder Kristo Käärmann is being investigated by the Financial Conduct…
Cost of living crisis could lead to ‘mild recession’, KPMG warns
Monday, 27 June 2022, 11:19
Cost of living crisis could lead to ‘mild recession’, KPMG warns
There is a rising risk of the UK economy falling into a “mild recession” due to the cost of living…
HMRC extends scope of Trust Registration Service
Monday, 27 June 2022, 11:14
HMRC extends scope of Trust Registration Service
HM Revenue and Customs (HMRC) has extended the reach of its Trust Registration Service (TRS) through implementing new legislative changes.…
HMRC reveals tax remains steady at £32bn
Thursday, 23 June 2022, 15:26
HMRC reveals tax remains steady at £32bn
HM Revenue and Customs (HMRC) has revealed the estimated tax gap, the difference between the total amount of tax expected…
BoE raises interest rates to 1.25%
Thursday, 16 June 2022, 12:26
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…
83% of accountants believe Brexit changed the profession
Thursday, 16 June 2022, 11:24
83% of accountants believe Brexit changed the profession
Some 83% of accountants have seen an increase in requests for guidance and planning two years on from the UK’s…