Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Top 20% of earners pay majority of all income tax
Over half of UK taxpayers receive more in benefits than they pay in tax.Half of sole traders yet to file self-assessment return
Self-assessment taxpayers only have 11 days to file their returns.HMRC launches new text service
Launch aims to combat long phone waiting times.Inflation eases slightly to 10.5%
Transport costs fall but energy and food prices remain high.Switch to tax year basis to start in 2024
Unincorporated businesses will need to report their liabilities in line with the tax year.Chancellor announces new energy support package
The new support package will launch in April.MPs demand improvements to HMRC services
HMRC has three months to address “unacceptable” standards.AAT welcomes repayment claimant protections
Lack of regulation leaves customers at risk and costs the taxpayer millions.Treasury launches R&D tax reliefs review
The consultation will look into merging the two R&D schemes.MPs demand better performance from HMRC
HMRC urged to take action as outstanding tax debt totals £42 billion.