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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
‘Chaotic’ £1.9bn kickstart scheme ‘fails to deliver’
82,000 fewer young people helped by scheme than predicted.
£2.8bn in state benefits go unclaimed
Billions were not taken up in 2019/20, says DWP.
First budget surplus during COVID-19 pandemic
January 2022 sees budget surplus of £2.9bn.
Retail sales pick up in January after December slump
Sales grew by 1.9% in January 2022.
£80m Scottish support package unveiled
Funding made up by underspend from previous COVID support.
ATT urges Govt. to ‘rethink’ R&D relief plans
Changes due to start from April 2023.
Taxpayers flock to use time-to-pay plans
£310 million paid in instalments since April 2021.
Just 1 in 5 think inheritance tax is fair
More estates are being dragged into paying death duties.
HMRC eyes reform of stamp taxes and multiple dwellings
Changes in the pipeline for multiple dwellings relief and how mixed-use properties are taxed.
Grant deadline looms for hospitality firms
Omicron-hit firms have until later this month to claim for grants worth up to £6,000.