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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Government proposes merging R&D tax relief schemes
Changes would present opportunities for tax simplification.Company insolvencies remain high
Insolvencies up 27% on previous year.HMRC has ‘enormous amount of work’ to deliver MTD on time
Accountants call for ‘fresh thinking’ on MTD.High interest rates result in biggest UK wealth fall since World War II
High rates could end a 40-year wealth boom.Falling petrol prices cause inflation to fall to 7.9%
Inflation reaches lowest point in over a year.Four in ten taxpayers unable to speak to adviser over phone
Taxpayer satisfaction with HMRC services falls.Interest rate rises deliver biggest wealth fall for households since World War II
High rates could end 40-year wealth boom.UK economy remains on shaky ground
GDP falls by 0.1% in May.R&D tax relief crackdown allegedly deterring genuine claims
Valid claims are apparently being rejected by HMRC.Record wage growth not fast enough to beat inflation
Wage growth nevertheless fuels inflation fears.
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