Chancellor announces windfall tax on energy firms

Jun 07, 2022

Chancellor Rishi Sunak will impose a windfall tax on energy firms alongside a package to help households with the cost-of-living crisis.

Mr Sunak said a 'temporary, timely, and targeted' 25%…

Read more

Energy price cap set to rise to £2,800 in October

Jun 07, 2022

The energy price cap is now expected to rise to around £2,800 in October, according to the UK's energy regulator.

Jonathan Brearley, Chief Executive of Ofgem, warned MPs on the Commons business…

Read more

Inflation hits 40-year high

Jun 07, 2022

Inflation has hit its highest level in 40 years amid the deteriorating cost-of-living crisis, according to the latest figures from the Office for National Statistics (ONS).

The rate shot up…

Read more

Almost 66,500 filed self assessment returns on 6 April

Jun 07, 2022

Nearly 66,500 taxpayers filed their 2021/22 self assessment return on the first day of the new tax year, according to figures from HMRC.

In recent years, there has been an increasing number…

Read more

New law to protect access to cash announced in Queen's Speech

Jun 07, 2022

New laws to protect access to cash and help victims of financial scams were announced in the Queen's Speech at the state opening of parliament on 10 May.

The new Financial Services and Markets…

Read more

HMRC issues £14 million in penalties for minimum wage offences

Jun 07, 2022

HMRC issued 580 penalties totalling over £14 million for minimum wage offences during 2020/21, according to a report released by the Department for Business, Energy and Industrial Strategy (BEIS).

The…

Read more

Advisory fuel rates for company cars

Jun 07, 2022

New company car advisory fuel rates have been published and took effect from 1 June 2022.

The guidance states: 'you can use the previous rates for up to one month from the date the new rates…

Read more

Number of firms in critical financial distress rises sharply

Jun 07, 2022

A growing number of UK businesses are at risk of going under as costs spiral and Covid loan repayments become due, according to a report from insolvency firm Begbies Traynor.

Although COVID…

Read more

HMRC starts chasing up SEISS overpayments

May 07, 2022

HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.

From April, HMRC is writing to taxpayers whose entitlement to the fourth or the fifth SEISS…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up