News
Tax and finance updates
Every day brings news of changes to tax law or government policy, or the emergence of facts and figures with implications for British businesses and individuals. Our daily news feed helps our clients keep their fingers on the pulse of what’s going on, with comment and insight from industry figures, government officials and trade bodies.
MTD for VAT brings in extra £195m
Scheme cuts costs caused by mistakes, HMRC says.UK GDP grew by 0.8% in January 2022
Economy bounced back at turn of year in the UK.Govt. introduces £150 million loan scheme
Loans of up to £2m available for innovative businesses.One week until COVID-19 sick pay scheme closes
Claims can be made until 24 March 2022.BCC: UK economic growth to halve in 2022
Expected GDP growth cut from 4.2% to 3.6%.House of Commons passes Economic Crime Bill
Legislation would create a register of overseas company owners.4 in 5 VAT registered businesses unaware of MTD for VAT
Just 29% know how to become MTD compliant.Savers say £22,500 is ideal retirement income
Ideal income equates to a moderate living standard.IHT receipts up £0.7bn
Increase attributed to COVID-19 and rising house prices.Government considers new online sales tax
Tax on internet sales would be used to reduce business rates.
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