The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.
The tax gap was 4.8%, which…
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The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.
The tax gap was 4.8%, which…
HMRC has published the latest issue of the Employer Bulletin. The July issue has information on various topics, including:
The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes.
The think tank stated that the Chancellor either needs to raise taxes…
On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.
The Bounce…
On 26 May 2020, HMRC opened up its Statutory Sick Pay (SSP) rebate claim service.
Eligible employers are able to recoup up to two weeks' worth of SSP payments made to employees off work for…
On 18 June, the Bank of England increased the stock of purchases of UK government bonds by an additional £100 billion to help boost the UK economy following the coronavirus (COVID-19) pandemic.The…
New company car advisory fuel rates have been published which take effect from 1 September 2020. The rates only apply to employees using a company car. The guidance states:
'You can use…
HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.
The reverse charge represents part of a government clampdown on VAT fraud. Large amounts…
The government has increased the support available to self-employed workers and extended its emergency business loan schemes as the UK heads for a second national lockdown.
On 5 November Rishi…
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