HMRC 'to show leniency' over tax deadline - Today's small business news roundup

  • By Josh Hall
  • 26 January 2012
HMRC 'to show leniency' over tax deadline - Today's small business news roundup

Self Assessment deadlines, double dip recessions, and EU warnings - here's your need-to-know business news roundup.

HMRC will be lenient with taxpayers who miss the Self Assessment deadline according to a Revenue employee.

A strike planned for 31 January means “in all goodness and fairness, we won’t be able to charge them.” [BBC]

The UK is heading for the first double-dip recession in almost 40 years following new ONS figures.

The latest official survey suggests the economy contracted by 0.2 per cent during the final quarter of 2011 – more than was expected. [Telegraph]

The euro crisis could lead to the breakup of the EU according to billionaire speculator George Soros.

Soros was speaking at the annual World Economic Forum at Davos, where leaders are gathering to discuss the crisis. [Guardian]

Read more about: General business , Tax and finance