Business news
HMRC plans to simplify construction industry scheme
The scheme may be causing “unnecessary” administrative burdens.
One in five taxpayers will pay higher tax rate
Threshold freezes could see 7.8 million pay 40%.
VAT registration helpline set to close
HMRC will prioritise registration applications.
Company insolvencies fall in April
Figures remain higher than pre-pandemic levels.
Retail sales grow steadily in April
Retailers hope sales will improve over the summer.
Economy fell by 0.3% in March
GDP grew slightly in Q1 of 2023.
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