HMRC error means self-employed workers could lose out on state pension

An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform…

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EU trade deal not working for UK business, warns BCC

The UK government must stop 'walking on eggshells' around improving EU trade ties, the British Chambers of Commerce (BCC) has warned.

The new government must improve the current EU-UK trade…

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HMRC sends 'nudge letters' to crypto investors

HMRC has 'sent nudge' letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).

Many crypto investors…

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Government cracks down on late payments

The government has announced a crackdown on late payments to small businesses and the self-employed.

Late payments cost SMEs £22,000 a year on average, according to Smart Data Foundry, while…

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Minimum Wage increases

The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW…

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New tests and new car benefit percentages

As part of its drive to encourage green motoring, the government has introduced a new emissions test, as well as new car benefit percentages. The scale of charges for working out the taxable benefit…

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Government launches support finding tool for business

The UK government launched an online platform to help businesses access financial support during the COVID-19 crisis.

The Coronavirus Business Support Finder Tool will guide businesses through…

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Chancellor announces changes to Job Retention Scheme

Chancellor Rishi Sunak has announced changes to the government's Coronavirus Job Retention Scheme (JRS), which will be slowly wound down between July and October.

The changes mean businesses…

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HMRC outlines Job Retention Bonus criteria

HMRC has outlined the eligibility requirements for the Job Retention Bonus (JRB) that follows the furlough scheme as part of the government's measures to support the economy through the COVID-19 lockdown.

The…

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