Business news

IFS: UK tax system ‘discourages employment and investment’

28 Jan 21

Employees’ salaries currently attract more in tax than self-employed individuals.

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Firms call for urgent action to reduce unemployment

27 Jan 21

Unemployment increased to 5% in the three months to November 2020.

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HMRC waives penalties for late-filed tax returns

26 Jan 21

Fines to kick in after 28 February 2021.

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Nine million people increased borrowing in 2020

25 Jan 21

The proportion of borrowing £1,000 or more increased to 45%.

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Millions to face fines if self-assessment tax return deadline missed

22 Jan 21

Taxpayers could face fines totalling to £250 million.

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