Industry News
The latest tax, employment, business and economic news affecting businesses and individuals alike.
Tax gap remains steady at 5.1%
Findings reflect taxes being paid correctly.Scope of trust registration service extended by HMRC
New legislation aims to provide more transparency.Retail sales fall in May
ONS report shows a drop in food purchasesBusinesses don’t think MTD applies to them, poll finds
HMRC study shows confusion around MTD requirements.HMRC targets rogue tax refund agents
A 12 week consultation has launched to look at protective measures.Taxpayers unprepared for Making Tax Digital
Only 4 in 10 think new rules will be easy to follow.HMRC reminds businesses to update basic PAYE tools
Tools should be updated ahead of National Insurance threshold increase.Inflation rises to 9.1%
CPI rate at the highest level for 40 years.HMRC increases checks on R&D claimants
Stricter measures rolled out to crack down on relief abuse.HMRC late payment fees to be revised
The changes will reflect BoE’s interest rate increase.