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Wilko enters administration

Household goods retailer, Wilko, has fallen into administration and putting 12,000 jobs at risk nationwide, including at its Stockport store. The retailer filed a notice of its intention to appoint administrators on 3rd August, giving it a seven-day reprieve from creditors as it hoped to find a … [Read more...]

HMRC updates late payment interest rates

Following the decision by the Bank of England on 3rd August to increase its base rate, HMRC is advising customers its interest rates on late payments will also rise. HMRC interest rates are set in legislation and linked to the Bank of England base rate. Late payment interest is set at base rate … [Read more...]

Wilko set to enter administration

Household goods retailer, Wilko, is set to be enter into administration putting over 12,000 jobs and 400 stores, including at Stockport Retail Park, at risk. The East Midlands-based chain was founded in Leicester in 1930 as Wilkinson Cash Stores, rebranding to Wilko in 2012. The brand was among … [Read more...]

Interest rates rise to 15 year high

The Bank of England has raised its base interest rates to 5.25%, their highest level in 15 years as it continues to respond to high inflation. The latest 0.25 percentage point rise represents the fourteenth consecutive decision by the Bank's Monetary Policy Committee to increase the base rate of … [Read more...]

Alcohol duty changes come into force

Major reforms to alcohol duty have come into force from today (1st August), bringing tax paid in line with alcohol strength, and reducing the duty on draught products in pubs. The changes were first announced at the Autumn Budget in 2021 to modernise a system that had been in place for 140 years. … [Read more...]

Self Assessment customers encouraged to file tax returns early

HMRC is encouraging Self Assessment customers to take advantage of the benefits of filing their tax returns early for the 2022/23 tax year. While the deadline for submissions for the 2022 to 2023 tax year is 31 January 2024, HMRC argues customers who file early can have greater control over … [Read more...]

Land Registry launches new conveyancing training resources

New recruits to conveyancing will now be able access a package of self-service training materials from HM Land Registry. HM Land Registry Essentials, as well as supporting those new to the sector with practices and processes involved in lodging applications, will also provide a useful refresher … [Read more...]

New plans announced to accelerate development of new homes

Housing and Levelling Up Secretary, Michael Gove, has set out new plans to accelerate the development of new homes in areas where there is already local consent. Proposals aim to focus new development on inner-city and urban areas, rather than eroding countryside at the edges of towns, as well as … [Read more...]