HMRC collected a record £157.2bn from VAT bills in in the last tax year, a 55 per cent jump on the £101bn collected in 2020/21, after businesses were forced to make up for VAT payments they deferred during the pandemic.
UK SMEs are ambitious for the opportunity to regain lost ground post-pandemic, but risk being held back by a myriad of mounting pressures including rising costs and cashflow challenges.
The company recently revealed that owners of items from two of its NFT projects, SuperGucci and Gucci Grail, would be given special access to pre-order a Gucci collection before its general release.
Gucci is doubling down on its support for crypto with plans to start accepting digital asset payments across US stores in the coming months.
Despite a return to normal for many economies in 2022, insolvencies are set to rise according to a new report.
Online shoppers in the UK face more identification checks when paying for purchases on the internet from Monday, as new rules to clamp down on fraud come into force.
The total revenue HMRC generated from tax investigations and other compliance activity has risen to £30.8bn in 2021, up from £28bn in 2020 as it looks to pursue tax lost to evasion or avoidance during the pandemic, lawyers have announced.
A cabinet minister has argued that the national insurance rise should go ahead as planned despite Tory rebels reportedly pushing for it to be scrapped as the price for their support of Boris Johnson’s leadership.
Pension savers should have appointments scheduled automatically to help them make better decisions, MPs have suggested.
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