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.
Online sales fall by 11.2% in year to October 2021
Early Christmas shoppers fail to materialise.MTD extension to cost taxpayers £1.5bn
4.2 million businesses and landlords affected.HMRC collects £27.9bn less tax
Tax revenues fall by 4.4% to £608.8bn.Bank of England resists pressure to raise interest rates
Interest rates maintained at 0.1%.37% of businesses report higher prices
Prices increase faster than usual in October 2021.New ‘cladding tax’ to start in 2022/23
Revenues to support removal of unsafe cladding.3 in 5 pension schemes fail to consider climate change
Investors are at risk of lower returns.Shipping firms that fly red ensign flag to get tax breaks
Other reforms to simplify the tax regime.Business rates relief for hospitality, retail and leisure in 2022/23
50% discount available, up to maximum of £110,000.Sunak extends recovery loan scheme
Applications will be available until June 2022.
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