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Treasury to update anti-money laundering rules
New rules clarify due diligence and trust registration.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Tax hikes rumoured for the Autumn Statement
The delayed announcement will take place on 17 November.OTS addresses complications for landlords
Accountants welcome proposals for tax rule simplification.HMRC raises interest on tax debt
Late payment interest rising in line with Bank of England base rate.National Insurance reversal comes into effect
Most working people will receive the 1.25% tax cut from November.Base interest rate rises to 3%
The Bank of England introduces its largest hike in 33 years.HMRC reminds taxpayers to declare SEISS payments
More than 2.9 million people claimed SEISS payments in the 2021/22 tax year.Third of hospitality businesses at risk of going bust
Soaring energy and food prices are putting a strain on the sector.One in ten companies still file their accounts on paper
Record numbers of late penalties charged despite high compliance levels.Weekly footfall below pre-pandemic levels
Credit and debit card spending drops across all areas.HMRC warns of paper tax return deadline
Self-assessment taxpayers have until 31 October to file.