Business News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Mortgage borrowing soars to highest ever monthly level
Borrowing stood at £17.9 billion in June 2021.More than half of businesses confident they can pay off debts
One in five remain unsure about their debt repayments.DWP hit with £87.9m IR35 tax bill
HMRC demanded bills over historic contractor assessment errors.Retail sales figures improved in June 2021
The proportion of retail sales fell in the same period.Almost a third of audits need improving according to annual AQR
The ICAEW criticised the way the AQR is managed.Hospitality sees promising recovery in spring
Business confidence in the sector remains low, however.Monthly borrowing figures start to climb down
Borrowing in June 2021 was the second highest on record.Retirees set for bumper state pension rise
Official forecasts for average wage growth look good for retirees.Treasury seeks feedback on business rates revaluations
Changes ahead of a comprehensive report due in autumn.Simplified tax reporting for self-employed announced
A fifth of self-employed people will face extra one-off costs.
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