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.
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Industry claims Chancellor will need to cut £62bn.IR35 off-payroll rules repealed
Changes to IR35 will come into effect next year.Autumn Budget brought forward to 31 October
An OBR forecast will be published alongside the budget.HMRC warns self-assessment customers against fraud
HMRC received over 180,000 referrals of suspicious contact in the last year.Bank of England reinforces bond buying scheme
New measures announced for the final week of the purchase scheme.Business confidence falls significantly
Four in ten businesses anticipate a fall in profits over the next year.
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