HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home.
The tax authority is responding to the growth of flexible or hybrid basis working…
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HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home.
The tax authority is responding to the growth of flexible or hybrid basis working…
UK taxpayers spent the equivalent of 800 years on hold to HMRC in 2022/23, according to a report published by the National Audit Office (NAO).
The report found that funding pressures, job…
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…
HMRC has reduced late payment and repayment interest rates following the cut to the base rate.
The Bank of England cut the base rate to 5.0% on 1 August, the first reduction for over four…
The UK economy shrank for the second month in a row in October, according to the Office for National Statistics (ONS).
Official figures showed a 0.1% drop in gross domestic product (GDP)…
New rules that will give more flexibility over how occupational defined benefit pension schemes are managed, according to the government.
The government said this will remove blockages that…
An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).
HMRC's cost of collecting…
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…
HMRC has delayed the introduction of off-payroll rules to the private sector as part of its measures to support businesses through the COVID-19 pandemic.
The reforms will shift the responsibility…
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