Business news
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Spring Budget set for 15 March 2023
The budget will be accompanied by a forecast from the OBR.Help to grow digital scheme axed
The scheme is set to end just over a year after its launch.MTD for ITSA delayed for two years
The decision follows weeks of urgent calls from industry leaders.Treasury delays MTD for ITSA until 2026
The delay will give businesses more time to adapt.Help to grow digital scheme scrapped
Businesses have less than two months to apply for the programme.Bank of England raises base interest rate to 3.5%
MPC votes 6-3 to increase the rate by 0.5%.Inflation rate drops slightly in November
The annual inflation rate reduced by 0.4% in the past month.HMRC urges taxpayers to file returns before Christmas
Submitting self-assessments early will avoid late penalties.Economic outlook bleak despite 0.5% rise in GDP
Recession looms as the economy shrinks in the three months to October.New VAT penalty regime starts from 1 January
Default surcharge to be replaced by a fixed rate, points based system.