Business news
UK economy will “avoid recession”
IMF upgrades its growth forecast.
Government launches CIS consultation
Government aims to simplify payments under the scheme.
VAT registration helpline closed
HMRC will focus efforts on registration applications.
Late payment interest rate rises to 7%
Interest has doubled since May 2022.
HMRC plans to simplify construction industry scheme
The scheme may be causing “unnecessary” administrative burdens.
One in five taxpayers will pay higher tax rate
Threshold freezes could see 7.8 million pay 40%.
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