Economy
Gov mulls earlier tax payments
Wednesday, 24 March 2021, 11:14
Gov mulls earlier tax payments
Millions of people could be facing earlier tax payments as the government considers bringing payments “closer to real time” during…
LITRG welcomes gov offshore tax non-compliance approach
Wednesday, 24 March 2021, 10:20
LITRG welcomes gov offshore tax non-compliance approach
The Low Incomes Tax Reform Group (LITRG) has welcomed HMRC’s approach to preventing offshore tax non-compliance. The published document by…
Moratorium saves 1,800 businesses from insolvency during lockdown
Tuesday, 23 March 2021, 15:16
Moratorium saves 1,800 businesses from insolvency during lockdown
The moratorium on insolvency action saved around 1,800 businesses during lockdown, according to new research carried out by UHY Hacker…
Debt owed to HMRC rises to £65.5bn
Tuesday, 23 March 2021, 9:58
Debt owed to HMRC rises to £65.5bn
The amount of debt owed to HMRC from UK businesses and taxpayers has trebled to £65.5bn from £19.3bn in 2019,…
HMRC reminds Self Assessment taxpayers of 10 day deadline
Monday, 22 March 2021, 13:54
HMRC reminds Self Assessment taxpayers of 10 day deadline
HMRC has reminded Self Assessment taxpayers that they have just over a week to pay any outstanding tax liabilities in…
UK public finances fall in February
Monday, 22 March 2021, 9:25
UK public finances fall in February
The year-on-year decline for the UK’s public finances in February turned out to be slightly less than expected, according to…
Over a third of businesses unprepared for IR35 tax reforms
Thursday, 18 March 2021, 12:52
Over a third of businesses unprepared for IR35 tax reforms
Some 38% of mid-sized businesses are not ready for the transition to the IR35 tax reforms, according to a study…
UK GDP shrinks 2.9% amid January lockdown
Friday, 12 March 2021, 9:48
UK GDP shrinks 2.9% amid January lockdown
Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the…
Accountancy and finance salaries fall by 0.1% due to pandemic
Wednesday, 10 March 2021, 11:16
Accountancy and finance salaries fall by 0.1% due to pandemic
The economic impact of Covid-19 has affected average salary levels across the accountancy and finance sector in 2020, according to…
£180m HMRC investment ‘should not leave agents behind’, says CIOT
Thursday, 4 March 2021, 10:25
£180m HMRC investment ‘should not leave agents behind’, says CIOT
The Chartered Institute of Taxation (CIOT) has urged HMRC to ensure that represented taxpayers and agents are “not left behind”…