Business News

26 Jan 2022

Four million still to file ahead of self assessment deadline

Four million customers are yet to submit their completed self assessment tax return and pay any tax owed ahead of the deadline on 31 January, according to HMRC.

25 Jan 2022

Scam HMRC call reports drop by 97%

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures from the tax authority.

24 Jan 2022

Government scheme gives discounts of up to £5,000 on accounting software

The government's Help to Grow: Digital scheme - designed to support smaller businesses in adopting digital technologies - has opened for applications.

21 Jan 2022

Study finds 82% of business owners suffered from poor mental health in pandemic

A study carried out by insurer Simply Business has found that 82% of business owners suffered from poor mental health during the coronavirus (COVID-19) pandemic.

20 Jan 2022

Treasury writes off £4.3 billion in Covid payments lost to fraud

HMRC expects to recover only a quarter of the total £5.8 billion lost to fraudulent claims and mistaken payments from the coronavirus (COVID-19) support schemes.

19 Jan 2022

UK inflation rises at fastest pace for 30 years

The cost of living rose at its fastest pace in nearly 30 years in the year to December, according to the latest figures from the Office for National Statistics (ONS).

18 Jan 2022

No 'convincing case' for digital UK currency, says House of Lords committee

Creating an official digital currency in the UK could pose significant risks to banks, a House of Lords committee has warned.

17 Jan 2022

Consumer group urges taxpayers to avoid using refund firms to claim tax rebates

Consumer group Which? has urged taxpayers to avoid using so-called 'refund firms' to claim tax rebates.

14 Jan 2022

Government launches consultation on global minimum tax for multinationals

The government has launched a consultation on the framework for rolling out the 15% global minimum tax on profits which will be payable by the largest multinationals from 2023.

13 Jan 2022

COVID-19 support grants must be included on company tax returns

HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and stated that the grants and payments are taxable.

12 Jan 2022

More than one million will be dragged into higher rate tax bracket, research suggests

The Treasury's decision to freeze income tax thresholds will drag over one million people into the higher rate tax band over the next four years, according to research commissioned by the Liberal Democrats.

11 Jan 2022

More than half of SMEs 'confused about plans to level up the UK'

Research published by Nucleus Commercial Finance has revealed that over half of small and medium-sized enterprises (SMEs) in the UK are confused about the government's plans to 'level up' the country.

10 Jan 2022

Over £1 billion now recovered by HMRC's fraud squad

HMRC's Fraud Investigation Service (FIS) has now recovered more than £1 billion from proceeds of crime and tax offenders.

07 Jan 2022

HMRC gives self assessment taxpayers more time to ease COVID-19 pressures

HMRC is waiving late filing and late payment penalties for self assessment taxpayers for one month.

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