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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 increases interest rates to 1%
Rates rise marks fourth increase in a row from record low.
SMEs not ready for MTD, accountants say
Businesses also unaware of other Government schemes.
Interest on late taxes raised to 3.5%
Move by HMRC follows increase in basic interest rate.
Majority of SMEs not ready for MTD
SMEs outside of London are not as prepared.
Interest rate increases to 13-year-high
Bank of England announces interest rate rise to tackle cost of living.
SEISS grant recipients may owe HMRC
HMRC is contacting those with reduced grant entitlement.
Retail leaders call for rates reform
Group suggests using online sales tax to fund rate cut.
Insolvencies rise by 39%
Over 2,000 companies filed for insolvency in March.
Venture capital tax breaks to be reviewed
MPs aim to make the UK a pioneer in technology.
National Insurance takings surpass £150bn
National Insurance contributions break all-time record.