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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
PM unveils new energy plan
Businesses to receive six-month support package.
Energy-intensive industries to be hit hardest by crisis
Most impacted industries include energy supply and transportation.
£1.1 billion of Covid-19 loans flagged as fraud
Government publishes bounce-back loan scheme performance update.
Inflation set to hit 14%
British Chamber of Commerce warns of recession.
Advisory fuel rates update
September 2022 sees increase in advisory fuel rates.
Millions receive council tax refund
Households have until the end of September to claim.
Govt. urged to support small business with energy costs
The energy price gap is set to increase to £3,549 in October.
Tax leaders set out priorities for new PM
The open letter identifies three urgent tax improvements.
MTD for VAT penalties issued from November
People could face fines after the VAT portal closure.
HMRC expects to be processing R&D tax credit claims once again
R&D payments were paused in April due to fraud