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.
Tax take hits £368.9bn in six months
Income tax and National Insurance drive the increase.Inflation rises to 10.1% in September
The rate of inflation returns to July’s 40-year high.Old MTD for VAT portal to close
Businesses have until November to become MTD-compliant.Triple lock pensions under question
Triple lock pensions may be off the table as inflation soars to 10.1%.Charities warned against online fraud
One in eight charities experienced cybercrime in the last 12 months.Chancellor reveals measures ahead of medium-term fiscal plan
Reversing mini-budget decisions will raise around £32bn a year.PM scraps corporation tax decision
Corporation tax will still rise to 25% in latest U-turn.Insolvencies hit highest levels in over a decade
Q2 2022 saw 5,629 insolvencies in England and Wales.UK economy shrinks by 0.3% in August
Decrease in GDP strengthens concerns of recession.Government needs to “balance books” with cuts
Industry claims Chancellor will need to cut £62bn.
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