UK borrowing reduces Chancellor's wiggle room

Higher than expected government borrowing has reduced the Chancellor's 'wiggle room' at a pre-election Budget.

Government borrowing - the difference between spending and tax income…

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300,000 file tax returns in the first week of the tax year

Almost 300,000 self assessment taxpayers filed their return in the first week of the new tax year, HMRC has revealed.

The early filers were almost 10 months ahead of the 31 January 2025 deadline.

Almost…

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Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin. The July issue has information on various topics, including:

  • PAYE Settlement Agreement calculations 2023 to 2024

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Scrap fuel duty cut, says RAC

The 5p cut in fuel duty to be scrapped in the upcoming Autumn Budget, according to the RAC.

The motoring organisation says that motorists in the UK are 'not gaining any benefit' and…

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Billion-pound tax bombshell to hit hospitality, warns trade body

The end of business rates relief will sting hospitality with a £928 million bill in April unless the government acts in the Budget, warns UKHospitality.

Hospitality and leisure businesses…

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HMRC warns landlords to disclose earnings

HMRC has warned landlords to disclose their earnings on self assessment tax returns.

The tax authority has clarified the guidance on who can participate in the Let Property Campaign, which…

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Over 40,000 file self assessment over the Christmas break

More than 40,000 taxpayers completed their self assessment returns over the Christmas break, according to figures from HMRC.

On Christmas Day 4,400 people filed their tax return online while…

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Employment plan will harm jobs, warns small firms

Small firms fear the new Employment Rights Bill will harm recruitment, according to a survey by the Federation of Small Businesses (FSB).

The research shows that 92% of small employers have…

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Chancellor unveils plan to cut red tape

Chancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth.

The government says its Action Plan will save businesses across the country…

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