Pension scams average losses now over £50,000

Aug 06, 2021

According to the latest figures from Action Fraud the average loss from pension scams has reached £50,949 this year.

That is more than double the typical figure of £23, 689 reported last year.

Action…

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Data reveals 1.9 million workers remain on furlough

Aug 06, 2021

The Coronavirus Job Retention Scheme (CJRS) is being wound down on 30 September 2021 and data published by HMRC has revealed that 1.9 million workers remain on furlough.

The data showed that…

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HMRC updates Salary Sacrifice guidance

Aug 06, 2021

HMRC has updated the guidance on salary sacrifice.

HMRC has removed the guidance on 'Salary sacrifice arrangements set up before 6 April 2017' as the transitional arrangements for calculating…

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ICAEW urges HMRC to scrap exemptions to simplify VAT rules

Aug 06, 2021

In response to HMRC's consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions…

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Increase in public trust in charities

Aug 06, 2021

Public trust in charities has reached its highest level since 2014, according to research published by the Charity Commission.

An independent study showed that people's trust in charities scored…

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Consultation launched on self-employed basis period reform

Aug 06, 2021

HMRC has recently launched a consultation on how basis periods can be reformed for income tax for the self-employed.

The consultation seeks to gather views on how best to implement a proposal…

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The government has published draft Finance Bill clauses

Aug 06, 2021

The Government has published draft clauses for the next Finance Bill, which broadly cover pre-announced policy changes.

The government is committed, where possible, to publishing most tax legislation…

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Claiming the fifth self-employed Income Support Scheme (SEISS) grant

Aug 06, 2021

HMRC has issued guidance on claiming the fifth and final self-employed Income Support Scheme (SEISS) grant.

Unlike previous SEISS grants the amount of the fifth grant available is determined…

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