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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Tax credit claimants urged to check if they need to notify HMRC
Tax claimants on reduced hours may be affected.
Economy grows by 0.6% in September 2021
Services grow by 0.7%, spurred by in-person GP appointments.
Tax reporting deadline for additional property sales extends
Vendors get double the amount of time to report and pay capital gains tax.
What reforms to business rates mean for firms in England
Chancellor reveals five-point plan to reform business rates in England.
Online sales fall by 11.2% in year to October 2021
Early Christmas shoppers fail to materialise.
MTD extension to cost taxpayers £1.5bn
4.2 million businesses and landlords affected.
HMRC collects £27.9bn less tax
Tax revenues fall by 4.4% to £608.8bn.
Bank of England resists pressure to raise interest rates
Interest rates maintained at 0.1%.
37% of businesses report higher prices
Prices increase faster than usual in October 2021.
New ‘cladding tax’ to start in 2022/23
Revenues to support removal of unsafe cladding.