Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help.
MTD for ITSA delayed for two more years
The Treasury has announced that Making Tax Digital for income tax self assessment (MTD for ITSA) will be delayed for two more years until April 2026.
Click here for the full story
Tax non-compliance during pandemic
Tax non-compliance during the pandemic cost the UK government £9 billion, according to a report from the National Audit Office (NAO).
Click here for the full story
Government extends mortgage guarantee scheme
The Mortgage Guarantee Scheme will be extended by a year to the end of December 2023, helping people with 5% deposits on to the property ladder, the UK government has announced.
Click here for the full story
Chancellor announces Spring Budget date
Chancellor Jeremy Hunt has announced that the Spring Budget will be delivered on 15 March 2023.
Click here for the full story
Bank of England raises base rate
The Bank of England (BoE) has raised UK interest rates by half a percentage point to 3.5%.
Click here for the full story
Brexit deal not delivering for businesses
Over half of UK companies currently face difficulties in adapting to the new rules for trading goods with the EU, according to a British Chambers of Commerce (BCC) survey.
Click here for the full story
Plymouth and South Devon freeport gets go ahead
The Plymouth and South Devon freeport has received final government approval.
Click here for the full story
Chancellor launches financial sector reforms
Chancellor of the Exchequer Jeremy Hunt is set to unveil over 30 regulatory reforms to the UK's financial sector, the government has announced.
Click here for the full story