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Business News

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Business News

UK facing ‘deepest squeeze on living standards in a century’

Real household disposable incomes in the UK are on course to fall by 10% over this year and next, representing the deepest living standards squeeze in a century, according to…

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02/09/2022
Business News

CIOT outlines three strategies for improving UK tax system

The Chartered Institute of Taxation (CIOT) has outlined three 'strategic priorities' designed to help the new Prime Minister improve the UK tax system. In letters addressed to Conservative Party leadership…

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01/09/2022
Business News

HMRC releases more details on MTD for Income Tax

HMRC has published more details on how Making Tax Digital for Income Tax (MTD for IT) will work for buy-to-let landlords and sole traders with qualifying income over £10,000. The…

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31/08/2022
Business News

Child Benefit claims for 16 to 19-year-olds must be updated this month

HMRC has reminded parents and carers of 16 to 19-year-olds that they have until 31 August to confirm whether their teenager is staying in full-time education or approved training. The…

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30/08/2022
Business News

Ofgem raises energy price cap by 80%

Average household energy bills will rise to £3,549 in October, following the decision of energy regulator Ofgem to raise the price cap. The record 80% hike will see a typical…

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26/08/2022
Business News

Treasury Committee warns government against ‘flying blind’ with Emergency Budget

The Treasury Committee is urging the government to provide assurance that it is not 'flying blind' into a potential Emergency Budget this September. In a letter sent to Chancellor Nadhim…

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25/08/2022
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