HMRC failing on responsiveness, says Charter report
Posted on Thursday, September 5th, 2024
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 2023 to March 2024. The survey received over... Read Full Article...
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HMRC sends ‘nudge letters’ to crypto investors
Posted on Thursday, September 5th, 2024
HMRC has ‘sent nudge’ letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT). Many crypto investors are unaware of their tax... Read Full Article...
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HMRC late payment interest cut by 0.25%
Posted on Thursday, September 5th, 2024
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 years. This... Read Full Article...
Scrap fuel duty cut, says RAC
Posted on Thursday, September 5th, 2024
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 retailers have failed to pass on... Read Full Article...
Freelancers want to see fairer, simpler tax system from Autumn Budget
Posted on Thursday, September 5th, 2024
Freelancers want to see Chancellor Rachel Reeves use the Autumn Budget to move towards a fairer, simpler tax system, according to the Association of Independent Professionals and the Self-Employed (IPSE). IPSE’s research found that 80% of freelancers... Read Full Article...
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UK has record number of self-employed workers aged 60 or over
Posted on Thursday, September 5th, 2024
The number of self-employed people aged 60 or over has reached a record level, according to analysis by Rest Less. These numbers have increased by over a third in the past decade, totalling 991,432 self-employed people aged... Read Full Article...
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Advisory fuel rates for company cars
Posted on Thursday, September 5th, 2024
New company car advisory fuel rates have been published and took effect from 1 September 2024. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’.... Read Full Article...
Latest guidance for employers
Posted on Thursday, September 5th, 2024
HMRC has published the latest issue of the Employer Bulletin. The August issue has information on various topics, including: electronic payment deadline falls on a weekend P11D and P11D(b) for tax year 2023 to 2024 supporting employees... Read Full Article...