Business updates
The latest in business news
Due to the ever-changing nature of the business world, we have created a single point of reference for business-related updates, from compliance to tax legislation changes.
Our business updates section is packed with all the latest announcements.
Business confidence falls in June
Directors cite stubborn inflation as their main concern.CIOT: R&D crackdown deters legitimate claims
Current ‘volume compliance’ approach does not work.SMEs responsible for 56% of tax gap
Tax gap rises by 5% to £36bn.HMRC raises late payment interest rates
Interest on tax debt rises to 7.5%.HMRC defends decision to close self-assessment helpline
Treasury says reasons for temporary closure “not good enough”.Alcohol duty changes could raise extra £3bn
One month until new alcohol duty system introduced.HMRC raises late payment interest rates
Interest on tax debt rises to 7.5%.CIOT: Clearer guidance needed on cryptoassets
Professional bodies propose recommendations to HMRC.Thousands fined despite not owing tax
Low earners account for 40% of late-filing penalties.ICAS: UK needs tax incentives to drive net zero targets
Tax leaders call for sustainability reporting standards.
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