Inflation rate drops slightly in November

The annual inflation rate reduced by 0.4% in the past month.

HMRC urges taxpayers to file returns before Christmas

Submitting self-assessments early will avoid late penalties.

Economic outlook bleak despite 0.5% rise in GDP

Recession looms as the economy shrinks in the three months to October.

New VAT penalty regime starts from 1 January

Default surcharge to be replaced by a fixed rate, points based system.

Government sets out overhaul of banking rules

The package of over 30 reforms will “cut red tape” and “turbocharge growth”.

Registration criteria updated for MTD ITSA

Both individual taxpayers and agents will be affected.

SMEs owed £23.4bn in late payments

A Government review into outstanding invoices to be launched.

One in four of small firms fear closure.

Businesses fear closure if energy relief ends in Spring 2023.

Energy price cap removes risk for one in four businesses

Government urged to extend support for businesses.

Government launches review into tackling late payments for SMEs

UK businesses are currently owed £23.4bn in outstanding invoices.

Government urged to boost economic growth

The CBI says the UK will lose ten years of growth if no action is taken.

Inflation and energy prices remain top business concerns

Businesses showing signs of strain towards winter.

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