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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Average household ‘will pay £1.1m in tax’
Tax burden at highest level in 70 years.
DWP sets out long-awaited pensions dashboard roadmap
First generally accessible pensions dashboard not available until mid-2024.
What to do if you missed the self-assessment deadline
HMRC has thrown taxpayers a lifeline due to pandemic pressures.
2.3 million miss self-assessment deadline
Interest charged at 2.75% on tax owed from 1 February 2022.
Govt. ‘fully committed’ to 1.25% NICs increase
No.10 denies ‘wobbling’ on increase.
HMRC reviewing work from home tax break
£125 tax break could be closed.
ONS developing ‘radical’ method to better measure inflation
Concerns inflation may be higher for low-income families.
Retail sales volumes drop in December 2021
Sales fell at the fastest rate in 11 months.
Govt. launches digital discount scheme
Discounts available for digital accounting software.
4m leave tax returns to the last minute
12.2m expected to file for 2020/21 tax year.