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Keep up to date with accounting and tax updates and latest news with our Business News blog.
Outlook for 2022 economy sours
BCC and the Resolution Foundation warn of harsher economic conditions for 2022.Scammers target self-assessment taxpayers, HMRC warns
570,000 reported in the last year.MTD for VAT brings in extra £195m
Scheme cuts costs caused by mistakes, HMRC says.UK GDP grew by 0.8% in January 2022
Economy bounced back at turn of year in the UK.Govt. introduces £150 million loan scheme
Loans of up to £2m available for innovative businesses.One week until COVID-19 sick pay scheme closes
Claims can be made until 24 March 2022.BCC: UK economic growth to halve in 2022
Expected GDP growth cut from 4.2% to 3.6%.House of Commons passes Economic Crime Bill
Legislation would create a register of overseas company owners.4 in 5 VAT registered businesses unaware of MTD for VAT
Just 29% know how to become MTD compliant.Savers say £22,500 is ideal retirement income
Ideal income equates to a moderate living standard.