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The UK is at risk of recession after revised figures showed the economy shrank between July and September, according to data from the Office for National Statistics (ONS).

Gross domestic product,…

As the use of cryptoassets continues to grow HMRC is warning people to check if they need to complete a self assessment tax return for the 2022/23 tax year to avoid potential penalties.

Anyone…

New company car advisory fuel rates have been published and took effect from 1 March 2024.

The guidance states: 'you can use the previous rates for up to one month from the date the new…

HMRC has published the latest issue of the Employer Bulletin. The March issue has information on various topics, including:

• PAYE Settlement Agreement payment
• reporting…

New company car advisory fuel rates have been published and took effect from 1 June 2024.

The guidance states: 'you can use the previous rates for up to one month from the date the new…

On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.

LTT is payable by the purchaser of residential…

The government has announced that more than 64 million meals were enjoyed by diners across the country during the government's Eat Out to Help Out discount scheme. The scheme closed on 31 August 2020.

Government…

HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.

The reverse charge represents part of a government clampdown on VAT fraud. Large amounts…

As part of the Scottish Budget, Finance Secretary Kate Forbes also announced changes to Land and Buildings Transaction Tax (LBTT) which apply from 1 April 2021.

The Scottish Government's…