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.
Tax take hits £368.9bn in six months
Income tax and National Insurance drive the increase.Inflation rises to 10.1% in September
The rate of inflation returns to July’s 40-year high.Old MTD for VAT portal to close
Businesses have until November to become MTD-compliant.Triple lock pensions under question
Triple lock pensions may be off the table as inflation soars to 10.1%.Charities warned against online fraud
One in eight charities experienced cybercrime in the last 12 months.Chancellor reveals measures ahead of medium-term fiscal plan
Reversing mini-budget decisions will raise around £32bn a year.PM scraps corporation tax decision
Corporation tax will still rise to 25% in latest U-turn.Insolvencies hit highest levels in over a decade
Q2 2022 saw 5,629 insolvencies in England and Wales.UK economy shrinks by 0.3% in August
Decrease in GDP strengthens concerns of recession.Government needs to “balance books” with cuts
Industry claims Chancellor will need to cut £62bn.
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