BCC: UK economic growth to halve in 2022
Expected GDP growth cut from 4.2% to 3.6%.
House of Commons passes Economic Crime Bill
Legislation would create a register of overseas company owners.
4 in 5 VAT registered businesses unaware of MTD for VAT
Just 29% know how to become MTD compliant.
Savers say £22,500 is ideal retirement income
Ideal income equates to a moderate living standard.
IHT receipts up £0.7bn
Increase attributed to COVID-19 and rising house prices.
Government considers new online sales tax
Tax on internet sales would be used to reduce business rates.
House of Lords and NAO raise concerns with IR35
New reports highlight risks and challenges for HMRC.
More than one million use extra time to file tax returns
Over 11.3m individuals file self-assessment tax returns by 28 February 2022.
Government launches online sales tax consultation
If implemented, business rates would decrease.
‘Chaotic’ £1.9bn kickstart scheme ‘fails to deliver’
82,000 fewer young people helped by scheme than predicted.
£2.8bn in state benefits go unclaimed
Billions were not taken up in 2019/20, says DWP.
First budget surplus during COVID-19 pandemic
January 2022 sees budget surplus of £2.9bn.