Economy
Unemployment rises to 3.9%
Tuesday, 16 May 2023, 11:31
Unemployment rises to 3.9%
The unemployment rate for January to March 2023 increased by 0.1 percentage points during the first quarter to 3.9% amid…
HMRC charged taxpayers £187m in late tax fines in 2022
Monday, 15 May 2023, 17:00
HMRC charged taxpayers £187m in late tax fines in 2022
HMRC issued £187m worth of fines and interest charges to taxpayers for the late payment of taxes in the past…
BoE at risk of ‘overdoing’ interest rate hikes, ICAEW warns
Friday, 12 May 2023, 11:18
BoE at risk of ‘overdoing’ interest rate hikes, ICAEW warns
The ICAEW has warned that the Bank of England (BoE) is at risk of “overdoing” interest rate hikes following yesterday’s…
UK economy shrinks 0.3% in March
Friday, 12 May 2023, 11:02
UK economy shrinks 0.3% in March
Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth…
BoE raises interest rate for 12th time to 4.5%
Thursday, 11 May 2023, 12:31
BoE raises interest rate for 12th time to 4.5%
The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The…
UK companies overpaid £11.9bn in corporation tax last year
Wednesday, 10 May 2023, 16:20
UK companies overpaid £11.9bn in corporation tax last year
UK businesses have overpaid £11.9bn in corporation tax over the past year, according to UHY Hacker Young, as the firm…
HMRC workers begin strike action over pay
Wednesday, 10 May 2023, 10:54
HMRC workers begin strike action over pay
HMRC staff in Newcastle and East Kilbride are set to go on strike for a total of 18 days from…
HMRC names two offshore companies as tax avoidance promoters
Friday, 5 May 2023, 11:12
HMRC names two offshore companies as tax avoidance promoters
HM Revenue and Customs (HMRC) has named two Belize registered companies as promoters of a tax avoidance scheme in the…
Government announces consultation on off-payroll IR35 rules
Friday, 28 April 2023, 11:25
Government announces consultation on off-payroll IR35 rules
The government has announced a consultation on off-payroll working rules, commonly called IR35, as part of its tax admin day…
Economic confidence on the rise across globe, ACCA finds
Friday, 21 April 2023, 11:09
Economic confidence on the rise across globe, ACCA finds
Economic confidence is rising across the globe as clear signs of business improvement emerge, rising for the third executive quarter…