Business news
The latest tax and business news, updated daily
You’re right to be looking for resources to keep yourself informed so you can run your business better.
Our daily business news is curated with you in mind. You’ll find the latest economic updates, Government announcements and tax consultations. You’ll also find sector-specific stories and developments, as well as summaries of press releases from the Government and HMRC. Keep yourself in the loop with the world of business, tax and economics.
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.Furlough scheme ends after 18 months
Around 1m people were still furloughed.Salary sacrifices ‘may mitigate the NICs rise’
Employees could benefit in the short-term.What’s next for the state pension increase in 2022/23?
Government relaxes triple-lock rules due to distortions caused by the pandemic.Income tax’s digital overhaul pushed back until 2024
HMRC postpones MTD ITSA and basis period reforms after listening to concerns.Calls resurface to abolish business rates
Opposition would increase digital services tax to fund the move.Borrowing between April and August less than expected
Monthly borrowing remains above pre-pandemic levels.HMRC postpones MTD for ITSA to 2024
Basis period reform also delayed to at least 2024.
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