In a bid to tackle the cost of living crisis, the Chancellor has announced a £15bn package of support with one-off payments for pensioners and lowest income earners, and doubled the £200 energy bill support The measures will see one-off payments of £650 for low income...
Read MoreFollowing calls for a windfall tax on oil and gas companies, the Chancellor has announced a 25% energy profits levy, set to raise £5bn in year one, effective from today The measure is designed to help fund more cost-of-living support for UK families and is a...
Read MoreIn the run-up to the 31 July renewals deadline for tax credits, HMRC has warned that fraudsters are targeting claimants with scam emails, fake websites, and text messages The warning comes as in the 12 months to April 2022, HMRC dealt with nearly 277,000 referrals of...
Read MoreMPs have voted against the introduction of a windfall tax for North Sea energy profits The vote, which was brought to parliament by Kier Starmer and the Labour party through an amendment to the Queen’s Speech, was voted down with 301 against, versus 244 in favour. According...
Read MoreIn a speech to the Confederation of British Industry (CBI) the Chancellor has promised tax cuts for businesses in the Autumn Budget The promise, made at the CBI’s annual dinner, was made with the aim to boost investment ahead of the increase in corporation tax from...
Read MoreFour out of five employers stated that they were immediately impacted by the increase in National Insurance contributions (NICs) according to a recent survey The research by the British Chambers of Commerce (BCC) surveyed more than 1,100 UK employers and found that the national insurance increase...
Read MoreThe UK has dropped to 21st place from its previous position at sixth due to the increase in corporation tax to 25% in April 2023 The UK decision to increase its corporation tax rate to 25% from 19% for companies with profits above £250,000 has...
Read MoreHMRC have updated the list of professional bodies and learned societies with tax-deductible fees. View the updated list at Approved professional organisations and learned societies (list 3). Released 19 May 2022....
Read MoreHMRC has halted the payment of research and development (R&D) tax credits while it investigates irregularities in claims for the relief HMRC contacted accountancy firms on Monday informing them of the decision to pause the payment of research and development tax credits as it investigates what...
Read MoreThe government plans to shake up debt repayments to try to reduce the number of voluntary insolvencies The statutory debt repayment plan (SDRP) will be a new statutory debt solution focused on repayment of debt, rather than debt relief, addressing a gap in the market. It...
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