Industry News
The latest tax, employment, business and economic news affecting businesses and individuals alike.
HMRC raises late payment interest rates
Interest on tax debt rises to 7.5%.HMRC defends decision to close self-assessment helpline
Treasury says reasons for temporary closure “not good enough”.Alcohol duty changes could raise extra £3bn
One month until new alcohol duty system introduced.HMRC raises late payment interest rates
Interest on tax debt rises to 7.5%.CIOT: Clearer guidance needed on cryptoassets
Professional bodies propose recommendations to HMRC.Thousands fined despite not owing tax
Low earners account for 40% of late-filing penalties.ICAS: UK needs tax incentives to drive net zero targets
Tax leaders call for sustainability reporting standards.HMRC accused of ‘poor complaint handling’
Poor service levels drive customer complaints.Tax gap hits £36bn in 2021/22
Small businesses responsible for half the tax gap.BoE increases interest rates to 5%
Base rate rises by more than expected.