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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
GDP climbs to pre-pandemic levels
Fears of a broken economy prove to be inaccurate.
ATT: R&D changes go against simplification remit
Professionals also warn that commencement date is too soon.
High inflation makes autumn tax cuts unlikely, says Jeremy Hunt
Warning comes amid hints of interest rate rises.
HMRC recognises that R&D system needs improvements
CIOT remains concerned about HMRC’s ‘volume approach’ to claims.
Business closures to hit 28,000 in 2024
Rising interest rates adding pressure to finances.
ONS revises its findings and says economy actually grew in 2021
ONS previously said the economy declined by 1.2% in 2021.
Chancellor announces date for Autumn Statement 2023
Hunt will deliver announcement on 22 November.
HMRC reopens self-assessment helpline
Helpline closed since 12 June.
R&D tax relief ‘ignores’ small businesses
Business group urges Government to rethink R&D reforms.
LITRG: check for child benefit tax trap
Warning comes after Tribunal decisions.