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.
One in five taxpayers will pay higher tax rate
Threshold freezes could see 7.8 million pay 40%.VAT registration helpline set to close
HMRC will prioritise registration applications.Company insolvencies fall in April
Figures remain higher than pre-pandemic levels.Retail sales grow steadily in April
Retailers hope sales will improve over the summer.Economy fell by 0.3% in March
GDP grew slightly in Q1 of 2023.Bank of England raises interest rates to 4.5%
Rate increases for 12th time since December 2021.ICAEW asks HMRC to rethink quarterly reports
The administrative burden dubbed “disproportionate”.Strike action will impact HMRC helplines.
Over 400 HMRC employees will strike from 10 May.IR35 consultation aims to stop double taxation
HMRC will run the consultation until June 2023.ACCA calls for action to tackle late payment
Delayed payments affecting the UK economy.
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