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Chancellor announces windfall tax on energy firms

07 Jun 2022

Chancellor Rishi Sunak will impose a windfall tax on energy firms alongside a package to help households with the cost-of-living crisis.

Energy price cap set to rise to £2,800 in October

07 Jun 2022

The energy price cap is now expected to rise to around £2,800 in October, according to the UK's energy regulator.

Inflation hits 40-year high

07 Jun 2022

Inflation has hit its highest level in 40 years amid the deteriorating cost-of-living crisis, according to the latest figures from the Office for National Statistics (ONS).

Almost 66,500 filed self assessment returns on 6 April

07 Jun 2022

Nearly 66,500 taxpayers filed their 2021/22 self assessment return on the first day of the new tax year, according to figures from HMRC.

New law to protect access to cash announced in Queen's Speech

07 Jun 2022

New laws to protect access to cash and help victims of financial scams were announced in the Queen's Speech at the state opening of parliament on 10 May.

HMRC issues £14 million in penalties for minimum wage offences

07 Jun 2022

HMRC issued 580 penalties totalling over £14 million for minimum wage offences during 2020/21, according to a report released by the Department for Business, Energy and Industrial Strategy (BEIS).

Advisory fuel rates for company cars

07 Jun 2022

New company car advisory fuel rates have been published and took effect from 1 June 2022.

Number of firms in critical financial distress rises sharply

07 Jun 2022

A growing number of UK businesses are at risk of going under as costs spiral and Covid loan repayments become due, according to a report from insolvency firm Begbies Traynor.

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