Business news
Alcohol duty system changes from next month
All alcoholic drinks to be taxed based on ABV.
Business confidence falls in June
Directors cite stubborn inflation as their main concern.
CIOT: R&D crackdown deters legitimate claims
Current ‘volume compliance’ approach does not work.
SMEs responsible for 56% of tax gap
Tax gap rises by 5% to £36bn.
HMRC raises late payment interest rates
Interest on tax debt rises to 7.5%.
HMRC defends decision to close self-assessment helpline
Treasury says reasons for temporary closure “not good enough”.
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