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News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Interest rates rise despite Budget measures
Economy still strained after the Chancellor’s update.HMRC late payment interest rises to 6.75%
Late payment rates at highest level since 2008.Reduced energy bill support puts SMEs at risk
Around 370,000 firms will pay more from April.BoE raises interest rates to 4.25%
The decision follows an unexpected rise in inflation in February.Inheritance tax receipts soar to £6.4bn
February’s inheritance tax take totalled £521 million.Inflation rises to 10.4% in February
Salad and vegetable shortages drive soaring food prices.Finance sector increases female representation
The proportion of women in senior management rises to 35%.MTD for ITSA delay costs £1.75 billion
The scheme will roll out from 2026.HMRC overhauls cryptoasset reporting
Changes will apply from 2024/25.Energy price guarantee extended
Households will receive the support until July.
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