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Azets secures top private client prize at Tolley’s Taxation Awards

Azets secures top private client prize at Tolley’s Taxation Awards

BKR International names Jeremy Vokt as chief executive

BKR International names Jeremy Vokt as chief executive

Equiom appoints luxury asset director to bolster global growth

Equiom appoints luxury asset director to bolster global growth

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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.

HMRC increases late payment interest

HMRC has announced that interest rate will increase with effect from 15 August 2022 for late…

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,…

HMRC receives 14,000 furlough fraud reports from whistleblowers

The HMRC has received 13,775 whistleblower reports regarding fraud against the furlough…

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…

Capital Gains Tax hit record £14bn in 2021

The Treasury has witnessed record amounts of Capital Gains Tax (CGT) in the year ended 5…

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…

Prison sentences for tax evasion surge 42% amid HMRC crackdown

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…

Two-thirds of finance leaders brace for recession

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