Inflation rises to 9.1%CPI rate at the highest level for 40 years.
HMRC increases checks on R&D claimantsStricter measures rolled out to crack down on relief abuse.
HMRC late payment fees to be revisedThe changes will reflect BoE’s interest rate increase.
Bank of England raises interest to 1.25%Interest rate hits 13-year-high.
MTD for ITSA opened to more taxpayersHMRC aims for more testing before rollout in 2024.
Help to Grow extends to more participantsTwo people per business can now access training.
Lending trends for SMEs returning to normalUK Finance report showed uptick in Q1 2022.
Economy contracts in April, figures showTest and trace decline sees GDP shrink by 0.3%.
Risk of double taxation for SEISS claimantsLITRG warns taxpayers to be wary of self-assessment mistakes.
HMRC targets businesses claiming entrepreneurs’ reliefTaxpayers who sold shares being sent letters by HMRC.