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.
What’s next for the state pension increase in 2022/23?
Government relaxes triple-lock rules due to distortions caused by the pandemic.Income tax’s digital overhaul pushed back until 2024
HMRC postpones MTD ITSA and basis period reforms after listening to concerns.Calls resurface to abolish business rates
Opposition would increase digital services tax to fund the move.Borrowing between April and August less than expected
Monthly borrowing remains above pre-pandemic levels.HMRC postpones MTD for ITSA to 2024
Basis period reform also delayed to at least 2024.OTS publishes report on tax year-end change
New paper stops short of recommending tax year change.Business rates threaten 4 out of 5 retailers with closure
Calls for rates reform ahead of Government review.Lords committee launches probe into basis period reform
Call for evidence into basis period reform launched.Thousands overpay IHT on life insurance policies
£280m may have been paid unnecessarily in 2018/19.Widening tax gap casts doubt over MTD
HMRC misses out on £35bn in uncollected taxes.
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