Business News
Important updates and information
In our daily news feed, we’ll highlight important updates and information on what’s happening in the world of business. We’ll keep you in the loop wherever possible, with clear and accessible updates.
If you have any questions or need some more information on any of the information we share on our news page, please let us know – we’ll be more than happy to give you some support.
Access to finance limited for SMEs
Low awareness and high borrowing costs limit growth.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.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.
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