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Business News

MTD for VAT brings in an extra £195 million in tax

An estimated £195 million extra tax revenue has been collected via Making Tax Digital for VAT (MTD for VAT), according to research from HMRC. The research, conducted by HMRC and…

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21/03/2022
Business News

Bank of England raises interest rates for third month in a row

The Bank of England has raised interest rates for the third month in a row. The Bank also warned that the Ukraine conflict could see under-pressure households hit with double-digit…

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18/03/2022
Business News

BCC calls for Spring Statement to tackle cost of doing business crisis

The British Chambers of Commerce (BCC) has urged the Chancellor Rishi Sunak to take 'bold and decisive action' in his Spring Statement in order to tackle the cost of doing…

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17/03/2022
Business News

FSB urges Chancellor to ‘deliver on low tax pledge’ at Spring Statement

The Federation of Small Businesses (FSB) has called on Chancellor Rishi Sunak to deliver on the government's low tax pledge at the Spring Statement on 23 March. In its recently…

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16/03/2022
Business News

HMRC warns taxpayers not to share personal details online

HMRC has warned taxpayers to avoid sharing their personal information online in order to prevent their identities being used to claim self assessment refunds. According to HMRC, criminals are attempting…

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15/03/2022
Business News

UK economic growth to halve this year, warns BCC

UK economic growth is expected to halve this year amid soaring inflation, major tax rises, and global shocks including Russia's invasion of Ukraine, warns the British Chambers of Commerce (BCC).…

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14/03/2022
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