Business news
Business updates designed for you
There’s always something new going on in the world of business, so for that very reason we like to keep you updated with bite sized chunks of news. Be it tax legislation change, or the latest HMRC guidelines, we’ve got you covered.
If you have any questions about any news pieces, feel free to get in touch with us through the usual channels – we’re happy to help.
Inflation rate drops slightly in November
The annual inflation rate reduced by 0.4% in the past month.HMRC urges taxpayers to file returns before Christmas
Submitting self-assessments early will avoid late penalties.Economic outlook bleak despite 0.5% rise in GDP
Recession looms as the economy shrinks in the three months to October.New VAT penalty regime starts from 1 January
Default surcharge to be replaced by a fixed rate, points based system.Government sets out overhaul of banking rules
The package of over 30 reforms will “cut red tape” and “turbocharge growth”.Registration criteria updated for MTD ITSA
Both individual taxpayers and agents will be affected.SMEs owed £23.4bn in late payments
A Government review into outstanding invoices to be launched.One in four of small firms fear closure.
Businesses fear closure if energy relief ends in Spring 2023.Energy price cap removes risk for one in four businesses
Government urged to extend support for businesses.Government launches review into tackling late payments for SMEs
UK businesses are currently owed £23.4bn in outstanding invoices.
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