HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREEngland and Wales see 21% annual rise in company insolvencies in November
England and Wales saw a 21% annual rise in the number of company insolvencies last month and the second-highest monthly total in figures going back to 2019, published a day after the Bank of England said businesses were coming under increased pressure.
Some 2,029 registered companies in England and Wales were declared insolvent in November, second only to the number in March, when pandemic-related protections against court orders ended.
The Insolvency Service, the government agency which published the data, said November's increase partly reflected more winding-up petitions from tax authorities as well as 95 compulsory liquidations requested by a single, unidentified bank.
"Rising interest rates, energy costs and supply chain issues are starting to bite as we head into 2023," said David Kelly, head of insolvency at accountants PwC.
Read more at Reuters
Previous
UK inflation eases to 10.7% as annual rate of price increases slows
Next
More than 6,800 Belfast workers miss out on National Minimum Wage
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE
With bitcoin hitting new highs, it’ll likely reach the US$100,000...
Cryptocurrencies are surging again. Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing...
READ MORE