Business news
The latest business, tax and economic developments
In the world of business news, it’s easy to feel slightly overwhelmed, as you’re constantly bombarded by alerts and stories, half of which hardly relate to you. We feel that way sometimes, too. That’s why we created our business news section – dedicated to regular business owners like you. With one story a day with only the essentials, you’ll be able to keep up with the biggest business, tax and economic developments of the day.
HMRC “underestimated” the complexity of MTD
Issues with migrating data delayed the scheme.Insolvencies increase by 51% in May
2,552 companies registered as insolvent last month.Tax system “overcomplicated”, say MPs
Current tax system is an obstacle to growth.Charities gain more financial freedom
Charities Act changes give trustees greater flexibility.HMRC extends voluntary NIC deadline
Taxpayers have two extra years to fill records.HMRC launches VAT time-to-pay portal
Eligible businesses can set up payment plans online.Making Tax Digital said to cost £1.3bn
The original 2020 launch date was “unviable”.Government may scrap oil and gas windfall tax
Levy will remain in place unless prices drop.Self-assessment helpline to close for three months
HMRC will focus resources on other ‘problem calls’.FSB urges summer support for tourism sector
Recommendations come after predicted boom in ‘staycations’.