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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Economy narrowly avoids recession in forecasts
UK escapes technical recession but will still contract by 0.2%.
Full expensing introduced for companies from 2023-26
Companies will be able to deduct 100% of qualifying investments.
Pension lifetime allowance charge abolished from April 2023
Chancellor aims to bring over-50s back to the workforce.
Spring Budget 2023: what to expect
The Chancellor will unveil his Budget this afternoon.
CGT allowance will halve in April
CIOT urges the Government to publicise the change.
GDP rises by 0.3% in January
The increase follows a 0.5% drop in December.
HMRC clarifies IR35 rules for intermediaries and contractors
Rules outline how to determine workers’ employment status.
MPs criticise HMRC’s approach to furlough fraud
£2.3 billion fraudulently claimed under the scheme.
Government extends voluntary NI deadline
Taxpayers have an extra four months to pay.
Tax breaks for startups face withdrawal
SEIS, EIS and VCTs could close in 2025.