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The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.

The tax gap was 4.8%, which…

HMRC has published the latest issue of the Employer Bulletin. The July issue has information on various topics, including:

• PAYE Settlement Agreement calculations 2023 to 2024
…

The government has announced an overhaul of the UK's apprenticeship system.

A new growth and skills levy which will replace the existing apprenticeship levy and include new foundation apprenticeships.

The…

Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase from £11.44 to £12.21 an hour from April 2025.

The 6.7%…

New company car advisory fuel rates have been published and took effect from 1 December 2024.

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

The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year.

The global institution upgraded its prediction for UK growth to 1.6% for this year from…

HMRC has published the latest issue of the Employer Bulletin. The February issue has information on various topics, including:

• end of year reporting
• payrolling employees'…

New company car advisory fuel rates have been published which take effect from 1 March 2020. The guidance states: 'You can use the previous rates for up to one month from the date the new rates…

On 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis.

Under the scheme, the government will pay self-employed people…