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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
HMRC rejected 52k VAT registrations last year
17% of all applications were refused.
HMRC scrutiny of media companies’ R&D claims
Three-quarters of claims are being questioned.
Retail price growth slows
The cost of furniture and food items has fallen.
HMRC error delays child benefit payments
Half a million families failed to receive payments.
Only 13% of bounce back loans paid off
£46.9 billion was lent during Covid under the scheme.
Media sector faces scrutiny from HMRC
Media firms are under high scrutiny on R&D claims.
House prices rise slightly again
0.4% rise sees housing market show signs of resilience.
HMRC contacts pending ROR claimants
Provisional claimants are urged to make valid claim.
UK has highest diesel costs in Europe
European countries with higher fuel duties pay less for diesel.
Retail prices returning to normal
Costs of furniture and food items have fallen.