Business news
Self-assessment threshold increases to £150,000
Fewer PAYE taxpayers will submit returns in 2023/24.
Inflation falls to 8.7% in April
Food prices remain at “near historic highs”.
UK economy will “avoid recession”
IMF upgrades its growth forecast.
Government launches CIS consultation
Government aims to simplify payments under the scheme.
VAT registration helpline closed
HMRC will focus efforts on registration applications.
Late payment interest rate rises to 7%
Interest has doubled since May 2022.
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