Business news
R&D tax credit scheme a ‘costly failure’, says report
Companies invest less than before the policy’s introduction.Employers told to issue childcare voucher reminder
HMRC also implies working parents might be better off using tax-free childcare.HMRC seeks to remove VAT repayment supplement
Tax body warns of potentially ‘devastating’ impact on VAT-registered businesses’ cashflow.Government borrowing surpasses £30bn in April
The data comes from a joint ONS-Treasury report.OTS urges reform to capital gains reporting system
It suggests replacing the three main reporting systems.Funds for regulators to help innovative businesses are now open
Applicants can claim up to £200,000 per project.Calls for the Government to protect umbrella company workers
Some companies are accused of failing in their obligations.Inflation increases to 1.6%
It is a return to pre-pandemic inflation levels.Unemployment decreases by 0.9%
The employment rate remains below pre-pandemic levels.DWP rejects keeping £20 universal credit uplift
The Chancellor extended the increase by six months.
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