Interest rates stall after 14 increases
The Bank of England has paused its aggressive interest rate hikes.
Inflation decreases by 0.1% in August
Unexpected drop in inflation could impact BoE interest rate decision.
Time to register for self-assessment, says HMRC
Two weeks to go until the 5 October deadline.
Corporate insolvencies reach four-year high
Long-term economic issues impact UK businesses.
UK economy shrinks by 0.5% in July
Contraction comes amid wet weather and strikes.
HMRC signs £140m digital communication deal
Deal part of HMRC’s bid to ease pressure on phone and post staff.
13% of UK adults never plan on retiring, new survey suggests
35% of retirees wish they had planned for retirement earlier.
Budget unlikely to contain tax cuts amid inflation
Hunt to focus on lowering inflation in November statement.
GDP climbs to pre-pandemic levels
Fears of a broken economy prove to be inaccurate.
ATT: R&D changes go against simplification remit
Professionals also warn that commencement date is too soon.
High inflation makes autumn tax cuts unlikely, says Jeremy Hunt
Warning comes amid hints of interest rate rises.
HMRC recognises that R&D system needs improvements
CIOT remains concerned about HMRC’s ‘volume approach’ to claims.