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.
Business confidence in service industry falls
Experts call for service industry support.Trade associations call for green super deduction
Experts hope tax breaks would encourage SMEs to invest in net zero.PAYE processing time delayed
HMRC needs nine days to process new PAYE direct debits.FSB criticises plans to reduce SME R&D support
Small businesses less likely to invest after the cuts.Treasury receives £5.4 billion surplus in January
Income tax receipts hit £21.9 billion – the highest take on record.ATT urges the Government to revise AIA rules
“Strange arithmetic intricacies” could "catch out" taxpayers.CIOT calls for fairer HMRC repayment interest rates
Late payment penalties are up to 17 times higher than repayment amounts.HMRC targets short-term landlords over unpaid tax
Airbnb and Booking.com hosts must report rental income to HMRC.Inflation drops slightly to 10.1%
Falling fuel prices and the cost of eating out drove down inflation in January.UK “narrowly avoids recession”
ONS figures show zero growth in the last quarter of 2022.