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. Accountants

The chairman of NatWest bank has argued that changes to the benefits system would be the most effective way for the government to help the poorest families struggling to cope with the cost of living crisis, instead of cutting taxes

Deliveroo has been accused of “seeking endorsement for exploitative practices” after signing a deal with the GMB union that does not ensure its couriers will be paid the legal minimum wage throughout their whole working day. The takeaway group has pledged

In a year in which all its rivals have reported record profits, Jaguar Land Rover has slumped to losses of £455 million largely due to a shortage of semiconductors. The loss also includes a write off of £43 million on its

The Bank of England will have to continue to raise interest rates to control inflation despite sluggish growth, a senior Bank of England official said. Sir Dave Ramsden, a member of the central bank’s monetary policy committee (MPC), said that dealing