Business news

HMRC steps up Brexit preparations

EORI numbers automatically allocated to VAT-registered businesses.

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120k firms miss MTD for VAT deadline

HMRC waives fines for non-compliance.

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Tax investigations net HMRC £13.14bn

Record yield of £627.9bn tax revenue collected in 2018/19.

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Javid rules out stamp duty shift

New chancellor dismisses buyer to seller speculation.

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Small employers risk losing the employment allowance in 2020

Businesses could exceed limit for state aid under rule changes.

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Number of state pension recipients falls by 120,000

Decrease caused by changes to the state pension age.

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Retailers call for business rate reform

Businesses recommend four main changes to the system.

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Most small firms absorb the cost of wage increases

FSB says a “cautious approach” to the national living wage is needed.

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Number of non-domiciled taxpayers falls

78,300 individuals claim non-domiciled status.

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Creative businesses receive £1.1bn tax relief

Relief for film and high-end television increases 40% in three years.

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