The Chancellor has confirmed that he will cut national insurance by 1.25% for employees and employers from 6 November Scrapping the rise will reduce tax for 920,000 businesses by nearly £10,000 on average next year as they will no longer pay a higher level of employer...
Read MoreThe Bank of England has raised interest rates by a further 0.5% to 2.25%, rejecting calls for a 0.75% rise supported by some members of the monetary policy committee This is the highest level since 2008 before the financial crash and is the seventh rise in...
Read MoreHMRC has written to more than 4,000 taxi and private hire vehicle drivers to claim back unpaid tax, following recent registration requirements On 4 April 2022, HMRC introduced tax checks on licensed and private hire vehicles. These checks are required when taxi drivers in England and...
Read MoreNew support for households, businesses and public sector organisations facing rising energy bills in Great Britain and Northern Ireland has been unveiled by Business Secretary Jacob Rees-Mogg today (Wednesday 21 September) – supporting growth, preventing unnecessary insolvencies and protecting jobs. Through a new government Energy Bill...
Read MoreThe Competition and Markets Authority (CMA) has issued NatWest to refund over £600,000 to hundreds of business customers after it broke banking rules Over 700 small and medium-sized businesses are to receive refunds after being forced to open current accounts, which incurred fees, in order to...
Read MoreFollowing the latest increase in the Bank of England base rate to 1.75%, HMRC will raise interest rates on late tax bills by 0.5% This means that the late payment interest rate will increase to 4.25% from 23 August 2022. The rate last increased to 3.75%...
Read MoreThe latest HMRC performance report showed an improvement in service levels as more calls were picked up within 10 minutes but many callers could not get through to an adviser HMRC received 2.9m calls in June and more than 2.2m people wanted to speak to an...
Read MoreOver the last quarter Croner-i has seen the number of insurance claims increase by 60% as HMRC ramps up enquiry activity into potential tax avoidance HMRC enquiry levels were always going to return to ‘normal’ levels, if not more, given the pressures on the Treasury coffers,...
Read MoreIn the first half a per cent increase in interest rates for over 20 years, the Bank of England has raised the base rate to 1.75% This is the fifth rise since last December and the Bank argues that it is needed to tackle soaring inflation,...
Read MoreThe government has set out details of how the £400 energy bill subsidies will be paid to customers and is trying to get them classified as discounts This is part of the £11bn energy support package announced in the spring when energy prices started to escalate...
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