Trade credit reinsurance scheme to end

It will end on the originally planned date.

R&D tax credit scheme a ‘costly failure’, says report

Companies invest less than before the policy’s introduction.

Employers told to issue childcare voucher reminder

HMRC also implies working parents might be better off using tax-free childcare.

HMRC seeks to remove VAT repayment supplement

Tax body warns of potentially ‘devastating’ impact on VAT-registered businesses’ cashflow.

Government borrowing surpasses £30bn in April

The data comes from a joint ONS-Treasury report.

OTS urges reform to capital gains reporting system

It suggests replacing the three main reporting systems.

Funds for regulators to help innovative businesses are now open

Applicants can claim up to £200,000 per project.

Calls for the Government to protect umbrella company workers

Some companies are accused of failing in their obligations.

Inflation increases to 1.6%

It is a return to pre-pandemic inflation levels.

Unemployment decreases by 0.9%

The employment rate remains below pre-pandemic levels.

DWP rejects keeping £20 universal credit uplift

The Chancellor extended the increase by six months.

NIC bill introduced to Parliament

It includes a range of NIC relief for employers.

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