Latest News for Business Click on a headline to read the full story. 05 Jul 2022MTD for income tax pilot extendedHMRC is extending the pilot for Making Tax Digital for Income Tax Self Assessment (MTD ITSA) to more self-employed workers and landlords. 05 Jul 2022HMRC criticised over IR35 implementationHMRC needs to demonstrate that off-payroll working rules, commonly known as IR35, can operate effectively and fairly in the real world, according to a report by the Public Accounts Committee (PAC). 05 Jul 2022Inflation hits 40-year highUK inflation rose to 9.1% in May from 9% in April as the cost-of-living crisis continues, according to data from the Office of National Statistics (ONS). 05 Jul 2022Bank of England raises UK interest rates to 13-year highThe Bank of England (BoE) has raised UK interest rates to a 13-year high of 1.25% and is now predicting inflation will hit 11% this autumn, when energy bills are set to rise again. 05 Jul 2022NICs increase has immediate impact on businessesFour out of five employers stated that they were immediately impacted by the increase in national insurance contributions (NICs), according to research by the British Chambers of Commerce (BCC). 05 Jul 2022Manufacturers call for support packageManufacturing trade body Make UK is calling for an emergency, pre-recess package of business support measures. 05 Jul 2022Latest guidance for employersHMRC has published the latest issue of the Employer Bulletin. 05 Jul 2022New homeowners warned over tax refund claimsNew homeowners are being warned about cold calls from rogue tax repayment agents advising them to make speculative Stamp Duty Land Tax (SDLT) refund claims, which could leave them with large tax bills. Archive NewsClick here to access our full archive
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