Economy
BoE raises interest rates to highest level since 2009
Thursday, 5 May 2022, 12:49
BoE raises interest rates to highest level since 2009
The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…
Big businesses suspected to have overclaimed £725m in R&D tax relief
Tuesday, 19 April 2022, 10:39
Big businesses suspected to have overclaimed £725m in R&D tax relief
HMRC suspects the UK’s largest companies of owing £725m in underpaid tax in the last year because of over-claiming R&D…
UK inflation hits 7% amid rising fuel costs
Wednesday, 13 April 2022, 9:51
UK inflation hits 7% amid rising fuel costs
The annual rate of inflation has hit a new 30-year record with a rise of 7% in the 12 months…
UK GDP slows to 0.1% in February
Monday, 11 April 2022, 9:43
UK GDP slows to 0.1% in February
Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a…
UK GDP rebounds 1.3% in Q4 FY21
Thursday, 31 March 2022, 9:59
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021…
Sector responds to Sunak’s ‘puzzling’ new tax plan
Thursday, 24 March 2022, 10:52
Sector responds to Sunak’s ‘puzzling’ new tax plan
The accountancy sector has passed a mixed response to the chancellor’s new tax plan set out in his Spring Statement…
Spring Statement: Chancellor raises NI threshold to £12,570
Wednesday, 23 March 2022, 13:42
Spring Statement: Chancellor raises NI threshold to £12,570
The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring…
HMRC tax investigations hit 137,000 in second half of 2021
Monday, 21 March 2022, 10:54
HMRC tax investigations hit 137,000 in second half of 2021
HMRC has launched 137,000 tax investigations in the six months to December 2021, up 9% from the 126,000 investigations in…
BoE raises interest rates to 0.75%
Thursday, 17 March 2022, 12:20
BoE raises interest rates to 0.75%
The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate…
AICPA and CIMA suspend services in Russia and Belarus
Monday, 14 March 2022, 9:22
AICPA and CIMA suspend services in Russia and Belarus
The Association of International Certified Professional Accountants (AICPA) and The Chartered Institute of Management Accountants (CIMA) have announced they will…