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.
HMRC sounds warning on new VAT penalties
HMRC is reminding VAT-registered businesses to file their VAT returns and pay on time ahead of new penalties being applied.
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Spring Budget must ease cost pressures on businesses, says BCC
The British Chambers of Commerce (BCC) has urged Chancellor Jeremy Hunt to use the upcoming Spring Budget to help ease cost pressures on small businesses.
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Inflation remains close to 40-year high
Inflation remains close to a 40-year high despite falling in January, according to the latest data from the Office for National Statistics (ONS).
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UK economy narrowly avoided recession last year
The UK narrowly avoided falling into recession in 2022 after the economy saw zero growth between October and December, according to the latest figures from the Office for National Statistics (ONS).
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Record 11.7 million tax returns received on time
A record 11.7 million self assessment taxpayers submitted their tax returns by the 31 January deadline, HMRC has revealed.
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'Digital pound' likely to launch this decade, says Treasury
The Treasury and the Bank of England (BoE) have suggested that a state-backed 'digital pound' is likely to be launched this decade.
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HMRC urges eligible couples to claim Marriage Allowance
HMRC has reminded married couples eligible for the Marriage Allowance to make use of the tax relief.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 March 2023.
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