HMRC warns self assessment taxpayers as scam referrals rise

HMRC is warning people to be wary of bogus tax refund offers following the self assessment deadline on 31 January.

The tax authority says that fraudsters could set their sights on self assessment…

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Government urged to implement reforms to R&D tax system

The government is being urged to implement reforms to the Research and Development (R&D) tax relief system in order to avoid hurting small companies by the Suffolk Chamber of Commerce.

A report…

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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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British Business Bank launches Growth Guarantee Scheme

The British Business Bank has launched the Growth Guarantee Scheme to help smaller businesses access finance.

The Growth Guarantee Scheme is the successor to the Recovery Loan Scheme and is…

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HMRC failing on responsiveness, says Charter report

HMRC is failing on the key metrics of responsiveness, ease and accuracy, according to the annual HMRC Charter report.

The report reviewed HMRC's performance against its Charter from April…

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Young people reminded to reclaim government savings

Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said.

Child Trust Funds are long term, tax-free savings accounts which were…

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HMRC late payment interest cut

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 4.75% on 7 November, the second reduction this year.

This…

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Spring Statement set for 26 March

The Chancellor will deliver her Spring Statement to the House of Commons on Wednesday 26 March 2025.

Rachel Reeves confirmed the date to the House of Commons, telling MPs that the Office for…

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CIOT calls on government to rewrite unfair VAT rules

The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.

The CIOT is urging the government to reintroduce…

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