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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
UK economy shows no growth in Q3 2023
Stagnation is attributed to high-interest rates and inflation.
Autumn Statement 2023: expectations
Chancellor plans to deliver growth and boost business investment.
Tax advisers call for Making Tax Digital rethink
Current approach could conflict with tax simplification aims.
HMRC app sees record surge
Self-assessment payments via the app hit £121 million.
HMRC calls for evidence on pension fund clearing exemption
Stakeholders urged to participate in the consultation process.
Pay rises surpass inflation, figures reveal
A sign of potential relief amidst economic challenges.
UK company insolvencies surge by 18% in October 2023
Insolvency numbers rise as directors ‘run out of options’.
UK economy shows no growth in Q3 2023
Stagnation attributed to high interest rates and inflation.
Many pension holders unaware of what happens to funds after death
Less than half know their pension goes to nominated beneficiaries.
HMRC encourages couples to explore marriage allowance
Online calculator instantly reveals annual income tax bill reduction.