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UK banks close over 140,000 SME accounts
New figures indicate a concerning trend in the banking sector.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Just 1 in 5 think inheritance tax is fair
More estates are being dragged into paying death duties.HMRC eyes reform of stamp taxes and multiple dwellings
Changes in the pipeline for multiple dwellings relief and how mixed-use properties are taxed.Grant deadline looms for hospitality firms
Omicron-hit firms have until later this month to claim for grants worth up to £6,000.Inflation wipes out wage growth
Regular pay is down 0.8% in real terms.UK economy contracted by 0.2% in December 2021
GDP equal to its pre-pandemic level.HMRC issues marriage allowance reminder
Spouses can save up to £252 in 2021/22.1 in 5 Scottish firms fear rising payroll costs
Scottish accountants cite concerns over clients’ futures.MPs call to replace £38bn motoring taxes
Motoring taxation revenue forecast as zero by 2040.Auto-enrolment threshold frozen for 2022/23
Freeze expected to bring 17,000 more employees onto the scheme.Business confidence tumbled in late 2021
Confidence lowest in accommodation and food services.