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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Bank of England raises interest to 1.25%
Interest rate hits 13-year-high.
MTD for ITSA opened to more taxpayers
HMRC aims for more testing before rollout in 2024.
Help to Grow extends to more participants
Two people per business can now access training.
Lending trends for SMEs returning to normal
UK Finance report showed uptick in Q1 2022.
Economy contracts in April, figures show
Test and trace decline sees GDP shrink by 0.3%.
Risk of double taxation for SEISS claimants
LITRG warns taxpayers to be wary of self-assessment mistakes.
HMRC targets businesses claiming entrepreneurs’ relief
Taxpayers who sold shares being sent letters by HMRC.
£31m investment to help cut emissions
Funding includes aid to move away from gas oil and improve carbon capture.
Government overhauls audit regime
Audit obligations for small businesses could loosen.
Ministers to launch £3bn recovery scheme
COVID support replaced to support businesses.