Economy
UK economy surges 4.8% in June
Thursday, 12 August 2021, 9:31
UK economy surges 4.8% in June
The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK,…
Households hit with £1bn in repayments if interest rates rose by 0.25%
Friday, 6 August 2021, 14:32
Households hit with £1bn in repayments if interest rates rose by 0.25%
UK households would be hit by an “immediate increase” in interest payments of £976m if interest rates were to rise…
HMRC reveals almost 800,000 WFH tax relief claims made since April
Tuesday, 3 August 2021, 9:53
HMRC reveals almost 800,000 WFH tax relief claims made since April
Since April, almost 800,000 employees who have been working from home during the pandemic, have claimed tax relief on household…
HMRC reminds tax credit customers to renew before deadline
Friday, 23 July 2021, 15:38
HMRC reminds tax credit customers to renew before deadline
HM Revenue and Customs (HMRC) has reminded more than 300,000 tax credits customers they have until 31 July 2021 to…
ATT calls for delay to profit tax changes
Friday, 23 July 2021, 10:10
ATT calls for delay to profit tax changes
The Association of Taxation Technicians (ATT) has called for a delay to a “major change” in how trading profits are…
HMRC ‘turns focus back’ to tax investigations post-Covid
Thursday, 15 July 2021, 9:16
HMRC ‘turns focus back’ to tax investigations post-Covid
HMRC is turning its focus “back to tax investigations” following a “temporary reallocation of its resources” during the pandemic, according…
HMRC taxes collected falls 7.6% to £585bn in FY21
Tuesday, 13 July 2021, 14:06
HMRC taxes collected falls 7.6% to £585bn in FY21
HMRC has revealed that it collected £585bn in tax during FY21, a year-on-year fall of 7.6% from the £633.4bn raised…
EU suspends digital tax plan
Tuesday, 13 July 2021, 10:01
EU suspends digital tax plan
The European Union (EU) has announced it is temporarily suspending work on its plans to introduce a digital levy in…
Bookkeeper sentenced for £2.1m fraudulent VAT claims
Thursday, 8 July 2021, 12:39
Bookkeeper sentenced for £2.1m fraudulent VAT claims
HM Revenue and Customs (HMRC) has revealed that bookkeeper Veekshit Ramoo was sentenced to seven years in prison for £2.1m…
Former law firm owner sentenced for stamp duty fraud
Wednesday, 7 July 2021, 12:51
Former law firm owner sentenced for stamp duty fraud
HM Revenue and Customs (HMRC) has revealed that the former owner of a West London law firm, Manpreet Singh, has…