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06 Oct 2022

Government abandons plan to scrap 45p top rate of income tax

The government has abandoned its plan to abolish the top rate of income tax due to the negative reaction it has received.

06 Oct 2022

Chancellor outlines growth measures at Mini Budget

Chancellor Kwasi Kwarteng used the 2022 Mini Budget to announce a series of tax cuts for businesses and individuals.

06 Oct 2022

IMF criticises government over tax plans

The International Monetary Fund warned the UK government against 'large and untargeted fiscal packages' following the Mini Budget.

06 Oct 2022

Government caps business energy bills

Wholesale energy prices for businesses will be capped at 'less than half' of the anticipated winter levels under the government's support package.

06 Oct 2022

VAT businesses must be ready for Making Tax Digital filing by November

HMRC is reminding businesses that they will no longer be able to use their existing Value Added Tax online account to submit VAT returns from 1 November.

06 Oct 2022

SMEs facing recruitment struggles

Eight in ten small businesses are finding it difficult to recruit staff, according to a report published by the Federation of Small Businesses (FSB).

06 Oct 2022

HMRC raises late payment interest from 11 October

HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate.

06 Oct 2022

Action Fraud warns scammers are exploiting cost-of-living crisis

Action Fraud has warned that criminals are using the ongoing cost-of-living crisis to target the public with energy rebate scams.

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