VAT businesses must be ready for Making Tax Digital filing by November
HMRC is reminding businesses that they will no longer be able to use their existing Value Added Tax online account to submit VAT returns from 1 November.
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HMRC is reminding businesses that they will no longer be able to use their existing Value Added Tax online account to submit VAT returns from 1 November.
Read moreWholesale energy prices for businesses will be capped at 'less than half' of the anticipated winter levels under the government's support package.
Read moreThe International Monetary Fund warned the UK government against 'large and untargeted fiscal packages' following the Mini Budget.
Read moreChancellor Kwasi Kwarteng used the 2022 Mini Budget to announce a series of tax cuts for businesses and individuals.
Read moreThe government has abandoned its plan to abolish the top rate of income tax due to the negative reaction it has received.
Read moreBanking trade body UK Finance has revealed that the rapid decline in the use of cash as a form of payment has eased.
Read moreThe Trades Union Congress (TUC) has called on the government to increase the National Minimum Wage (NMW) rates 'immediately' in order to guarantee decent living standards for families.
Read moreTrade body Offshore Energies UK (OEUK) has stated that the Energy Profits Levy on UK energy firms should be scrapped by 2025.
Read moreEconomic analysts have warned that the rate of inflation could keep rising in 2023 as a result of rising energy prices.
Read moreAverage household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.
Read moreHMRC has published more details on how Making Tax Digital for Income Tax (MTD for IT) will work for buy-to-let landlords and sole traders with qualifying income over £10,000.
Read moreThe Treasury Committee has urged the government to provide assurance that it is not 'flying blind' into a potential Emergency Budget this September.
Read moreThe Institute of Directors (IoD) has called on the government to extend the capital allowances super-deduction.
Read moreInsurer Zurich UK has stated that there has been a significant increase in the number of fraudulent claims as a result of the cost-of-living crisis.
Read moreThe government has introduced legislation to Parliament, which it says will enhance the competitiveness of the UK financial services sector and unlock tens of billions of pounds of investment.
Read moreMore than £20 billion could be added to the UK economy in the future from the number of additional businesses created during the pandemic, according to research carried out by the Confederation of British Industry (CBI).
Read moreThe British Chambers of Commerce (BCC) has called for action to help firms employ more staff amidst recruitment difficulties.
Read moreThe International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year.
Read moreThe level at which people start paying national insurance rose from from 6 July.
Read moreThe Recovery Loan Scheme (RLS) will be relaunched during August 2022 as the government aims to continue supporting recovering small businesses.
Read moreNew homeowners are being warned about cold calls from rogue tax repayment agents advising them to make speculative Stamp Duty Land Tax (SDLT) refund claims, which could leave them with large tax bills.
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