Business news
The latest business and financial issues making the headlines.
Tax gap rises to £35 billion
‘Failure to take reasonable care’ is the biggest factor in unpaid tax.New measures to prevent late payments
Large businesses could be fined for poor payment practices.HMRC error affects payments on account
Taxpayers could receive much larger bill in January 2020.Reverse charge VAT for construction services
HMRC issues updated guidance on impending change.Saving on summer childcare costs
Government schemes to help pay for childcare this summer.June PAYE payment deadline falls on a weekend
Payments for June 2019 may need to be made sooner.Wealth from additional property ownership soars
More than 11% of adults in the UK have a second home.HMRC issues new VAT reverse charge guidance
Domestic reverse charge to take effect from 1 October.Retirees to outlive savings by 10 years
Savers need long-term mindset, report says.NAO: Most buyers did not need help-to-buy equity loan
31% households could have purchased a property they wanted.