Tax and business calendar
Employers ramp up counter-offers to retain staff
Number of counter-offers increase by 51% in last 12 months.Four in ten experienced scam attempt in the last year
Average loss of funds was £4,715 per person.Corporate insolvencies down 6% in July
Insolvencies remain higher than pre-pandemic levels.Inflation falls to 6.8% in July
Flights and hotels keep prices high.Pay growth ends 18 month wage squeeze
Higher pay may alarm inflation-busting policymakers.One million more pulled into tax on savings
Over 2.7m will pay tax on cash interest in 2023/24.Govt. to reform personal insolvency framework
Policy will align framework with ‘the needs of 21st century stakeholders’.CIOT: remove CIS deductions on landlord payments
Construction tax rules ‘cause problems’ between tenants and landlords.Economy grows by 0.2% in second quarter
Information and accommodation industries fuel growth.UK rental market shrinks by 400,000 homes
Estimated 126,500 rental properties sold since 2022.
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Current news
UK banks close over 140,000 SME accounts
New figures indicate a concerning trend in the banking sector.
HMRC launches review on its enquiry powers
Critics demand simpler HMRC powers and penalty systems.
HMRC estimates cost to implement MTD for ITSA
Sole traders and landlords face £350 setup costs.