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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Companies House launches new powers to fight fraud
Introduction of powers aims to reduce strain on businesses.
Manufacturing and R&D to receive £360m boost
Funding aims to drive economic growth.
UK house prices rise as interest rates fall
Average house price increased by 1.2% compared to last year.
Service standards at HMRC continue to decline
PAC calls for significant improvements to service levels.
MTD for ITSA: Sole traders and landlords face £320 setup cost
HMRC estimates taxpayers’ initial and ongoing expenses.
UK recovering from mild recession
GDP fell by 0.3% but recovery fuels optimism.
UK banks close over 140,000 SME accounts
New figures indicate a concerning trend in the banking sector.
HMRC launches review on its enquiry powers
Critics demand simpler HMRC powers and penalty systems.
HMRC estimates cost to implement MTD for ITSA
Sole traders and landlords face £350 setup costs.
ICAEW advocates bold future action for economy
Professional body emphasises need for tax simplification.