Schemes create one stop shop for VAT on EU trade

Three schemes were launched on 1 July to deal with VAT on business-to-consumer supplies of goods and services to EU customers.

They are known as the 'Union', 'non-Union' and 'import' schemes.…

Read more

HMRC updates Salary Sacrifice guidance

HMRC has updated the guidance on salary sacrifice.

HMRC has removed the guidance on 'Salary sacrifice arrangements set up before 6 April 2017' as the transitional arrangements for calculating…

Read more

HMRC outlines changes to late payment penalty regime

HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers.

The government intends to reform sanctions for…

Read more

IFS predicts millions to be worse off next year due to tax rises

The Institute for Fiscal Studies (IFS) has predicted that millions of people will be worse off in 2022 as a result of spiralling costs and tax rises.

Responding to the Autumn Budget, the IFS…

Read more

Government sets out tax details on TAM Day

The UK government marked the inaugural Tax Administration and Maintenance (TAM) Day with the publication of 30 papers covering a wide range of tax issues.

Chancellor Rishi Sunak made the commitment…

Read more

Chancellor announces £1 billion fund for businesses

On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm.

Mr Sunak said…

Read more

Spring Statement is the time to act, says CBI

The Chancellor must act at the Spring Statement or risk the UK economy drifting backwards to low growth, warns the Confederation of British Industry (CBI).

The Spring Statement will take place…

Read more

CMA frees leaseholders from rising ground rents

Intervention by the Competition and Markets Authority (CMA) has freed more leaseholders from increasing ground rent terms that saw them trapped in homes they struggled to sell or mortgage.

Businesses…

Read more

Reform required to combat staff shortages, says BCC

The British Chambers of Commerce (BCC) has called for action to help firms employ more staff amidst recruitment difficulties.

A survey carried out by the business group revealed that 61%…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up