HMRC warns landlords to disclose earnings
Posted on Friday, November 15th, 2024
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 is targeted at landlords who owe tax... Read Full Article...
Business frustrated at halt in rollout of digital trade platform
Posted on Friday, November 15th, 2024
Import and export businesses are frustrated by the government’s decision to pause work on the digital trade platform, according to the Institute of Directors (IoD). When fully operational, the Single Trade Window will provide a gateway between... Read Full Article...
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Almost half of UK adults have not written a will
Posted on Friday, November 15th, 2024
Nearly half UK of adults have not written a will, nor are they currently in the process of doing so, according to research published by life insurer Canada Life. Over a quarter said they do not have... Read Full Article...
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Employer NICs rise may have unforeseen consequences
Posted on Friday, November 8th, 2024
The extra costs of the increase in employers’ NICs could cause businesses to respond in ways the government did not intend, the Chartered Institute of Taxation (CIOT) has warned. At the Autumn Budget, Chancellor Rachel Reeves announced... Read Full Article...
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Under 100 days to go until self assessment deadline
Posted on Friday, November 8th, 2024
HMRC has warned taxpayers that the countdown to the self assessment deadline is now underway, with less than 100 days to go. Self assessment taxpayers must file and pay their self assessment tax return before the 31... Read Full Article...
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Over £570 million stolen by fraudsters in first half of 2024
Posted on Friday, November 8th, 2024
Criminals stole more than £570 million through authorised and unauthorised fraud in the first half of this year, according to data published by UK Finance. 72% of authorised push payment fraud began online and 16% started via... Read Full Article...
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Chancellor promises to drive growth and raises £40 billion in taxes
Posted on Friday, November 1st, 2024
Chancellor Rachel Reeves pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’ in the Autumn Budget. The Budget, which was Labour’s first in over 14 years and the first ever delivered by a female... Read Full Article...
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Autumn Budget – the business reaction
Posted on Friday, November 1st, 2024
Business groups have reacted to Chancellor Rachel Reeves’ Autumn Budget speech. The Confederation of British Industry (CBI) said that the Chancellor ‘had difficult choices to make to deliver stability for the economy’. Rain Newton-Smith, Chief Executive of... Read Full Article...
National Living Wage rises by 6.7%
Posted on Friday, November 1st, 2024
Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase from £11.44 to £12.21 an hour from April 2025. The 6.7% increase is worth £1,400 a year... Read Full Article...
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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