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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
20,000 taxpayers use ‘time to pay’ for self-assessment
Monthly payments total £46m since April 2021.
BoE raises interest rates to 0.25%
Rates rise for the first time in more than three years.
Firms want support as customers cancel bookings
Hospitality takings could fall 40% during vital trading period.
Warning for savers as inflation hits decade-high
Prices rise at fastest rate since September 2011.
Creative tax reliefs fuel film and TV boom
Reliefs produce £13bn GVA between 2017 and 2019.
Long delays with issuing UTR codes
Self-assessment first-timers in a “black hole of frustration”.
Scotland freezes income tax rates in Budget
Speech details tax changes in “transitional Budget”.
Govt. committee calls for household gas tax
“Tax needed to meet UK net-zero targets”.
Treasury sheds more light on R&D tax relief changes
New measures to take effect from 1 April 2023, subject to Finance Bill 2022/23.
Self-assessment deadline enters the final straight
The 2020/21 deadline is on or before midnight on 31 January 2022.