HMRC raises interest on tax debt

Late payment interest rising in line with Bank of England base rate.

National Insurance reversal comes into effect

Most working people will receive the 1.25% tax cut from November.

Base interest rate rises to 3%

The Bank of England introduces its largest hike in 33 years.

HMRC reminds taxpayers to declare SEISS payments

More than 2.9 million people claimed SEISS payments in the 2021/22 tax year.

Third of hospitality businesses at risk of going bust

Soaring energy and food prices are putting a strain on the sector.

One in ten companies still file their accounts on paper

Record numbers of late penalties charged despite high compliance levels.

Weekly footfall below pre-pandemic levels

Credit and debit card spending drops across all areas.

HMRC warns of paper tax return deadline

Self-assessment taxpayers have until 31 October to file.

Medium-term fiscal plan delayed by two weeks

An upgraded autumn statement is now set for 17 November.

Under 100 days until self-assessment deadline

Taxpayers have until 31 January to file their returns.

Groups call on Chancellor for further reforms

Pressure mounts for further action ahead of the fiscal plan.

Median real terms pay falls by 2.6%

Soaring inflation sees real terms rate drop in the year to April.

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