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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Overpayment of tax on pensions hits £56m
Average tax reclaim form totals £3.5k.
R&D claims to come under greater scrutiny
Additional information on R&D projects now required.
Accounting groups express concern about tax digitalisation plan
Making Tax Digital is delayed until 2026.
Tax debt hits £44.5bn in June
More people are struggling to pay their tax bill.
Bank of England hikes interest rates to 5.25%
Increase takes rates to their highest since 2008.
Bank of England hikes interest rates to 5.25%
Increase takes rates to their highest since 2008.
Retail trading conditions remain weak
July sees sharp decline in retail sales volumes.
CIOT: taxpayers using pilots must not be disadvantaged
Tax institute flags concerns following HMRC consultation.
Corporate insolvencies hit a 14-year high
Insolvency Service reports an 8.9% increase on the previous quarter.
MPs call for multi-billion pound tax break transparency
Tax system labelled as overly complicated.