Business news
HMRC publishes updated VAT penalty regime
The updated penalty system came into effect on 3 January.
Chancellor outlines four ‘Es’ to grow the economy
Hunt suggests taxes won’t be cut until inflation is under control.
IMF forecasts UK economy will shrink in 2023
Britain is expected to be the only G7 country in recession this year.
HMRC reveals new AER calculation method
Quarterly reviews will use ONS data to calculate advisory electric rates.
Small business tax debt is growing
Non-payment has increased since the Covid-19 pandemic.
Wait time for HMRC helpline hits 27 minutes
HMRC says that home workers are not affecting call centre performance.
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