Economy
FPC appoints external member
Friday, 9 April 2021, 14:36
FPC appoints external member
Financial Policy Committee (FPC) has announced that Carolyn Wilkins has been appointed as an external member, serving a three-year term,…
Tax cut for employers of veterans comes into effect
Friday, 9 April 2021, 9:43
Tax cut for employers of veterans comes into effect
A National Insurance contributions holiday for businesses who employ armed forces veterans came into force on 6 April 2021. The…
Applications open for Recovery Loan Scheme
Wednesday, 7 April 2021, 9:42
Applications open for Recovery Loan Scheme
The government’s Recovery Loan Scheme has opened for applications as of yesterday (6 April). Revealed to the public as part…
ICAEW chief executive joins gov taskforce
Friday, 26 March 2021, 10:09
ICAEW chief executive joins gov taskforce
The Institute of Chartered Accountants in England and Wales (ICAEW) has announced that its chief executive Michael Izza has joined…
HMRC provides tax and customs support to businesses that trade with EU
Thursday, 25 March 2021, 14:59
HMRC provides tax and customs support to businesses that trade with EU
HMRC has announced that it will offer further support to VAT-registered businesses that trade with the EU. The tax authority…
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…