Contraction comes amid wet weather and strikes.
UK economy shrinks by 0.5% in July
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Current Affairs
HMRC signs £140m digital communication deal
Deal part of HMRC’s bid to ease pressure on phone and post staff.
13% of UK adults never plan on retiring, new survey suggests
35% of retirees wish they had planned for retirement earlier.
High inflation makes autumn tax cuts unlikely, says Jeremy Hunt
Warning comes amid hints of interest rate rises.
HMRC recognises that R&D system needs improvements
CIOT remains concerned about HMRC’s ‘volume approach’ to claims.
Business closures to hit 28,000 in 2024
Rising interest rates adding pressure to finances.
ONS revises its findings and says economy actually grew in 2021
ONS previously said the economy declined by 1.2% in 2021.
HMRC reopens self-assessment helpline
Helpline closed since 12 June.
LITRG: check for child benefit tax trap
Warning comes after Tribunal decisions.
Concerns arise around cost of bottle recycling scheme
£1.8bn scheme designed to incentivise recycling.
ICAS calls for rise in Scottish £500k charity audit threshold
Demand for Scottish auditors outpacing supply, ICAS says.
Employers ramp up counter-offers to retain staff
Number of counter-offers increase by 51% in last 12 months.
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