The government has abandoned its plan to abolish the 45% top rate of income tax due to the negative reaction it has received.
Chancellor Kwasi Kwarteng first announced the policy in the Mini…
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The government has abandoned its plan to abolish the 45% top rate of income tax due to the negative reaction it has received.
Chancellor Kwasi Kwarteng first announced the policy in the Mini…
New company car advisory fuel rates have been published and took effect from 1 December 2022.
The guidance states: 'you can use the previous rates for up to one month from the date the…
Chancellor Jeremy Hunt has announced that the Spring Budget will be delivered on 15 March 2023.
Mr Hunt stated that he has commissioned the Office for Budget Responsibility (OBR) to prepare…
Businesses will receive reduced support for their energy bills from April as the UK government attempts to cut the cost of compensating for soaring gas and electricity prices, the Treasury has confirmed.
The…
The Public Accounts Committee (PAC) has criticised the government for losing billions of taxpayers' money to fraud and error in pandemic support.
The Department for Business and Trade (DBT)…
Following the Bank of England's latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.
The Bank increased the base rate to 4.5% from…
HMRC is planning to close its self assessment tax helpline for three months over the summer to focus call centre resources on dealing with other problem calls.
All calls to the helpline will…
The UK's annual inflation rate fell to 6.8% in July, down from 7.9% in June, according to the latest data from the Office of National Statistics (ONS).
It is the smallest increase in the…
The government has been slow to recover losses of £1.1 billion from fraud and error in Covid grant schemes, according to MPs in the Public Accounts Committee (PAC).
The latest PAC report found…
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