Resources
Business news
Late payment interest rate rises to 7%
Interest has doubled since May 2022.HMRC plans to simplify construction industry scheme
The scheme may be causing “unnecessary” administrative burdens.One in five taxpayers will pay higher tax rate
Threshold freezes could see 7.8 million pay 40%.VAT registration helpline set to close
HMRC will prioritise registration applications.Company insolvencies fall in April
Figures remain higher than pre-pandemic levels.Retail sales grow steadily in April
Retailers hope sales will improve over the summer.Economy fell by 0.3% in March
GDP grew slightly in Q1 of 2023.Bank of England raises interest rates to 4.5%
Rate increases for 12th time since December 2021.ICAEW asks HMRC to rethink quarterly reports
The administrative burden dubbed “disproportionate”.Strike action will impact HMRC helplines.
Over 400 HMRC employees will strike from 10 May.
Subscribe to our newsletter
Keep up to date on what we’re doing, by joining our Newsletter.
By submitting your details you agree to receive email marketing from FMA Accountants and have read and understood our Privacy Policy. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.
What can we do for your business today?
Whether you need hands-on help with payroll and bookkeeping, or want strategic business advice based on hard numbers and analysis, FMA is the accountancy firm for you.