Business closures to hit 28,000 in 2024

Rising interest rates could see an average of 7,000 businesses going bust every quarter in 2024, warns the Centre for Economics and Business Research (CEBR). High interest rates, unsustainable business debt levels and the cost of living could result in 28,000 business...

HMRC reopens self-assessment helpline

After being closed for three months over the summer, HMRC has reopened the self-assessment tax helpline from 4 September. Between 12 June and 3 September, callers were redirected to digital services to give HMRC time to deal with other phone enquiries and handle the...

LITRG: check for child benefit tax trap

The Low Incomes Tax Reform Group (LITRG) is asking separated couples to check that their child benefit claims do not unwittingly leave them exposed to the high-income child benefit charge (HICBC). The warning follows a recent first-tier Tribunal decision that found a...

Concerns arise around cost of bottle recycling scheme

The British Retail Consortium (BRC) has called on the Government to review its plan for a bottle recycling scheme after finding it would cost the retail industry £1.8 billion a year. The £1.8bn figure - ten times what the Government predicted - includes the cost of...