Business news
Every working day, we’ll publish one story on the hottest tax, business or personal finance developments. From mortgages to inheritance tax, from Making Tax Digital to IR35, if there’s something occurring that will effect our clients, we want to make sure they know about it without having to wade through government papers or press releases. If you want to know more about the implications of any of these stories on your financial situation, get in touch – we’re always happy to talk.
Charity Commission expands annual return question set
The 2023 annual return has been updated in response to sector feedback.Total tax take falls in November
Tax receipts were down by £5.3 billion compared to October 2022.Spring Budget set for 15 March 2023
The budget will be accompanied by a forecast from the OBR.Help to grow digital scheme axed
The scheme is set to end just over a year after its launch.MTD for ITSA delayed for two years
The decision follows weeks of urgent calls from industry leaders.Treasury delays MTD for ITSA until 2026
The delay will give businesses more time to adapt.Help to grow digital scheme scrapped
Businesses have less than two months to apply for the programme.Bank of England raises base interest rate to 3.5%
MPC votes 6-3 to increase the rate by 0.5%.Inflation rate drops slightly in November
The annual inflation rate reduced by 0.4% in the past month.HMRC urges taxpayers to file returns before Christmas
Submitting self-assessments early will avoid late penalties.
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