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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
IFS launches pensions review
Future pensioners could face “substantial financial difficulties”.
Inflation eases slightly in March
Government “on track” to drive down inflation.
Company insolvencies rose by 37.7% in March
Insolvencies are higher than pre-pandemic levels.
Points-based penalties planned for self-assessments
HMRC will introduce the reforms in 2026.
Rural SMEs struggle with business costs
37% of firms reported a 10% increase in operating costs.
UK economy saw no growth in February
Economic outlook “brighter than expected”, despite slow progress.
R&D claims to require more information
Companies will need to fill out an additional form from August.
Industry leaders question “tax simplification”
There are concerns over the Government’s commitment.
Digital services tax could become permanent
MPs warn that tech companies could avoid paying.
IMF predicts interest rates will fall to pre-pandemic levels
Interest rates will ease when inflation is under control.