Tax gap hits £36bn in 2021/22
Small businesses responsible for half the tax gap.
HMRC “underestimated” the complexity of MTD
Issues with migrating data delayed the scheme.
Insolvencies increase by 51% in May
2,552 companies registered as insolvent last month.
Charities gain more financial freedom
Charities Act changes give trustees greater flexibility.
Making Tax Digital said to cost £1.3bn
The original 2020 launch date was “unviable”.