In the tax year 2021-22, 4,480 companies raised a total of £2,305m of funds under the enterprise investment scheme (EIS). This is the highest number of companies and total...
HMRC has published the May edition of Agent Update. It has the usual array of articles including on the end of year deadline for employment related securities and the new tax year...
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 June 2023, until further notice.For one month from the date of change, employers may...
HMRC is increasing interest rates for late payments for most taxes, after the Bank of England’s decision to increase the base rate to 4.5%.From 22 May 2023, the rate for late...
Trading in unbacked crypto more closely resembles gambling than a financial service and the government should regulate it as such, says the Treasury Committee in a recent...
Some of HMRC’s customer service levels during 2022-23 have not been where they want them to be and HMRC officials are sorry to those who have been affected, said Victoria...
The number of self-assessment taxpayers who filed their tax return on the first day of the tax year has more than doubled since 2018, HMRC has revealed.More than 77,500 taxpayers...
From Monday 22 May 2023, HMRC will close the VAT registration helpline. Advisers from this helpline will be redeployed to spend their entire time processing VAT registration...
By 2027-28 the number of people paying income tax at 40% or above will reach 7.8 million – that’s one in five taxpayers and one in seven of the adult population,...
Plastic packaging taxA technical consultation has been launched on draft regulations to amend the rules for claiming tax credits in certain circumstances in respect of plastic...
Tax compliance yield was down by £9bn over the two years of pandemic, according to a recent report from the House of Commons public accounts committee (PAC). It notes that...