Mar 28, 2023 | Current Affairs
HMRC has increased interest rates for late payments to 6.75%, the highest level since January 2008. The rise follows the Bank of England base rate rise from 4% to 4.25% last week after a surprise hike in yearly inflation figures prompted the central bank into action....
Mar 27, 2023 | Current Affairs
Around 370,000 SMEs are at risk of downsizing or even closing their doors once the energy bill relief scheme (EBRS) ends, warns the Federation of Small Businesses (FSB). While market prices have stabilised for businesses fixing their energy contracts now and those on...
Mar 24, 2023 | Current Affairs
The Bank of England (BoE) has increased the base interest rate from 4% to 4.25% following an unexpected rise in inflation in February and "volatile" moves in global financial markets. Seven members of the Bank's Monetary Policy Committee (MPC) voted in favour of the...
Mar 23, 2023 | Current AffairsPersonal Tax
Inheritance tax receipts totalled £531 million in February, resulting in a record £6.4 billion for the 2022/23 tax year so far. With a month still to go until the end of the tax year, this figure has already surpassed the £6.1bn received for 2021/22. The Office for...
Mar 22, 2023 | Current Affairs
Inflation rose to 10.4% in the year to February 2023 after falling for three consecutive months - up from 10.1% in the year to January. This increase largely came from salad and vegetable shortages, as poor weather conditions in southern Europe and Africa affected...
