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Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
IFS: Chancellor may lower spending plans in the Autumn Budget
Spending may be cut to achieve the Chancellor’s budget surplus.
Trusts and using them to mitigate against inheritance tax
Many overlook the role of complex trusts when it comes to inheritance tax planning.
Was the stamp duty land tax holiday a success or failure?
Pre-pandemic stamp duty land tax rates are back in place until at least 31 March 2022.
International community strikes global tax deal
Countries worldwide agree to minimum corporation tax rate of 15%.
HMRC ‘cannot tell’ number of MPAA breaches
Pensions firm calls for better data on £4,000 limit.
Treasury considers recovery loan scheme extension
The renewed scheme could become less generous to firms.
National living wage set for 5.7% rise in 2022/23
Treasury poised to approve LPC recommendation.
Stamp duty land tax reverts back to type
Pre-pandemic regime is back in place.
R&D spending hits £47.5bn in 2019/20
Expenditure on R&D as percentage of GDP trails behind target.
Hospitality and tourism VAT rises to 12.5%
Trade bodies demand temporary rate be made permanent.