Business news
ATT: R&D changes go against simplification remit
Professionals also warn that commencement date is too soon.High inflation makes autumn tax cuts unlikely, says Jeremy Hunt
Warning comes amid hints of interest rate rises.HMRC recognises that R&D system needs improvements
CIOT remains concerned about HMRC’s ‘volume approach’ to claims.Business closures to hit 28,000 in 2024
Rising interest rates adding pressure to finances.ONS revises its findings and says economy actually grew in 2021
ONS previously said the economy declined by 1.2% in 2021.Chancellor announces date for Autumn Statement 2023
Hunt will deliver announcement on 22 November.HMRC reopens self-assessment helpline
Helpline closed since 12 June.R&D tax relief ‘ignores’ small businesses
Business group urges Government to rethink R&D reforms.LITRG: check for child benefit tax trap
Warning comes after Tribunal decisions.HMRC clarifies rules on basis period tax reporting
Basis period reform introduced in April 2023.
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Current news
ICAEW issues manifesto ahead of Spring Budget
Recommendations will “promote economic renewal”.
Government to aid SMEs with updated initiatives
Help to Grow and Small Business Council to boost SMEs.
Hunt responds to labour market statistics
Real wage growth remains positive.