HMRC suspends payment of some R&D tax credits
Delays expected as HMRC clamps down on abuse.
Experts call for rethink of online sales tax
Critics doubt tax would effectively address business rates balance.
Brexit cross-border tax complexities cost UK economy £47bn
Administrative costs hurt businesses even more.
Sunak sets out ‘plan for growth’ but falls short of immediate support
Chancellor insists the Government “stands ready to do more”.
UK inflation hits 40-year high of 9%
Macroeconomy now businesses’ number one concern.
Regular pay tumbles in first quarter of 2022
Only growth in bonuses keeps total pay growth positive.
GDP fell by 0.1% in March 2022
Fears of recession as monthly GDP contracts.
Over 65,000 file self-assessment on first day
Almost 300,000 more than the first tax day of 2018.
Companies House powers strengthened
Government aims to tackle abuse of limited partnerships.
BCC calls for emergency budget
Budget demanded due to rising costs for businesses.
Bank of England increases interest rates to 1%
Rates rise marks fourth increase in a row from record low.
SMEs not ready for MTD, accountants say
Businesses also unaware of other Government schemes.