The British Business Bank (BBB) was supporting £12.2 billion of lending to over 96,000 businesses at the end of March 2022, according to its annual report. As part of its…
The government has abandoned its plan to abolish the 45% top rate of income tax due to the negative reaction it has received. Chancellor Kwasi Kwarteng first announced the policy…
An investigation carried out by investment service Moneybox has found that HMRC has received thousands of complaints from individuals in regard to companies claiming tax repayments on their behalf. Most…
One of the themes of 2022 has been the inexorable rise in energy prices, largely driven by Russia's invasion of Ukraine. Successive increases to the price cap for domestic energy…
HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate. This means that the late payment interest rate will increase to…
Government tax-cutting measures are 'likely to exacerbate the UK's cost-of-living crisis', the International Monetary Fund (IMF) has warned. The IMF stated that tax measures announced by Chancellor Kwasi Kwarteng in…