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Services sector slowdown fuels rate cut pressure
New orders and jobs fall as economy weakens.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Online VAT portal to close in May
Businesses will need to follow MTD for VAT rules.HMRC explains termination payment rules
Employers should take care when finalising severance packages.IFS launches pensions review
Future pensioners could face "substantial financial difficulties".Inflation eases slightly in March
Government “on track” to drive down inflation.Company insolvencies rose by 37.7% in March
Insolvencies are higher than pre-pandemic levels.Points-based penalties planned for self-assessments
HMRC will introduce the reforms in 2026.Rural SMEs struggle with business costs
37% of firms reported a 10% increase in operating costs.UK economy saw no growth in February
Economic outlook “brighter than expected”, despite slow progress.R&D claims to require more information
Companies will need to fill out an additional form from August.Industry leaders question “tax simplification”
There are concerns over the Government’s commitment.