Business news
£5,000 penalty for failure to register trusts
Most trust arrangements need to be registered by September.HMRC releases COVID-19 loan error guide
Employers are encouraged to check their calculations.Companies House to launch single sign-in
Launch aimed for this autumn.Tax experts set up crypto working group
Crypto asset market capitalisation currently at $900bn.MTD penalties confirmed by HMRC
Waiver for soft penalties to be removed by November.Inheritance tax receipts up by £0.3bn
Total payment of £2.4bn paid on inheritance tax.Tax relief for creative businesses exceeds £1bn
Total tax breaks are down by a third on previous year.Govt. expands ‘help to grow: digital’ scheme
Scheme expanded to very smallest businesses.Bank of England raises interest rates to 1.75%
Increase sees the highest jump in 27 years.UK inflation hits 10.1%
Inflation reaches double digits for first time since 1982.
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