Business news
Tax changes from 6 April now in effect
NICs, CGT, and pensions are affected by the changes.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Thousands fined despite not owing tax
Low earners account for 40% of late-filing penalties.ICAS: UK needs tax incentives to drive net zero targets
Tax leaders call for sustainability reporting standards.HMRC accused of ‘poor complaint handling’
Poor service levels drive customer complaints.Tax gap hits £36bn in 2021/22
Small businesses responsible for half the tax gap.BoE increases interest rates to 5%
Base rate rises by more than expected.Inflation remains the same in May
Falling fuel prices offset by recreation and culture costs.Outcry as HMRC closes self-assessment helpline
Helpline will reopen in Autumn.MTD set to cost five times its original budget
Tax experts claim MTD is 'out of control'.HMRC “underestimated” the complexity of MTD
Issues with migrating data delayed the scheme.Insolvencies increase by 51% in May
2,552 companies registered as insolvent last month.