Business news
New VAT penalty regime starts from 1 January
Default surcharge to be replaced by a fixed rate, points based system.
Government sets out overhaul of banking rules
The package of over 30 reforms will “cut red tape” and “turbocharge growth”.
Registration criteria updated for MTD ITSA
Both individual taxpayers and agents will be affected.
SMEs owed £23.4bn in late payments
A Government review into outstanding invoices to be launched.
One in four of small firms fear closure.
Businesses fear closure if energy relief ends in Spring 2023.
Energy price cap removes risk for one in four businesses
Government urged to extend support for businesses.
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