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What are the latest stories impacting tax and accounting?

Whether it be news from the budget, or HMRCs digital reform plans, there are a wide range of regular news stories outlining the impact on individuals and businesses.

HMRC raises interest rates on tax debt
February 7, 2023
The new penalties will apply from 21 February.
Company insolvencies surge in 2022
February 6, 2023
Insolvency figures hit 2,190 – their highest level since 2009.
Bank of England raises interest rates to 4%
February 3, 2023
The latest increase is the highest base rate in 14 years.
Directors’ economic confidence rises
February 2, 2023
Business leader confidence hits its highest level since March 2022.
Millions of taxpayers leave returns until the last minute
February 1, 2023
2.7 million self-assessment customers were yet to file just hours before the deadline.
HMRC publishes updated VAT penalty regime
February 1, 2023
The updated penalty system came into effect on 3 January.
Chancellor outlines four ‘Es’ to grow the economy
February 1, 2023
Hunt suggests taxes won’t be cut until inflation is under control.
IMF forecasts UK economy will shrink in 2023
January 31, 2023
Britain is expected to be the only G7 country in recession this year.
HMRC reveals new AER calculation method
January 30, 2023
Quarterly reviews will use ONS data to calculate advisory electric rates.
Small business tax debt is growing
January 27, 2023
Non-payment has increased since the Covid-19 pandemic.