News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Inheritance tax receipts up by £0.3bn
Total payment of £2.4bn paid on inheritance tax.Tax relief for creative businesses exceeds £1bn
Total tax breaks are down by a third on previous year.Govt. expands ‘help to grow: digital’ scheme
Scheme expanded to very smallest businesses.Bank of England raises interest rates to 1.75%
Increase sees the highest jump in 27 years.UK inflation hits 10.1%
Inflation reaches double digits for first time since 1982.Wages fall at record rate
Pay decreased during rising costs of bills.Number of non-dom taxpayers drops, says HMRC
Tax contributions still surpassed £7 billion.HMRC late payment rates to be revised
Changes will reflect the rise in interest ratesCharity powers expanding this autumn
Changes in financial governance taking place over the next year.Interest rates rise to 1.75%
UK forecast to fall into recession this year.