Economy
Two companies face £100k fine over tax avoidance schemes
Wednesday, 7 June 2023, 14:58
Two companies face £100k fine over tax avoidance schemes
Two companies have been ordered to stop selling specific tax avoidance schemes immediately or else face an initial penalty of…
Inflation falls to 8.7% in April
Wednesday, 24 May 2023, 10:17
Inflation falls to 8.7% in April
Inflation has fallen to 8.7% in April, marking the first time it has been in single digits since last summer,…
EIS investment grew 39% in 2021/22, HMRC finds
Wednesday, 17 May 2023, 14:40
EIS investment grew 39% in 2021/22, HMRC finds
New figures released by HMRC have revealed a 39% year-on-year increase in EIS funding in 2021/22, with total investment through…
Number of self assessment taxpayers who file early doubles in 5 years
Tuesday, 16 May 2023, 11:37
Number of self assessment taxpayers who file early doubles in 5 years
The number of self assessment customers who have filed their tax return early on the first day of the tax…
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…