Business News
Old MTD for VAT portal to close
Businesses have until November to become MTD-compliant.£5,000 penalty for failure to register trusts
Most trust arrangements need to be registered by September.Scope of trust registration service extended by HMRC
New legislation aims to provide more transparency.MTD for VAT brings in extra £195m
Scheme cuts costs caused by mistakes, HMRC says.4 in 5 VAT registered businesses unaware of MTD for VAT
Just 29% know how to become MTD compliant.Savers say £22,500 is ideal retirement income
Ideal income equates to a moderate living standard.Auto-enrolment threshold frozen for 2022/23
Freeze expected to bring 17,000 more employees onto the scheme.HMRC urges firms to sign up to MTD for VAT
Rules apply to all VAT-registered firms from April.4 in 10 workers ‘to work past state pension age’
6% of workers doubt they will ever retire.BoE raises interest rates to 0.25%
Rates rise for the first time in more than three years.
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