440,000 tax credit claimants still to renew their claims

HMRC is reminding tax credit claimants that they have until 31 July 2021 to renew their claims.

According to HMRC, 440,000 claimants have yet to renew their claims. More than 2.5 million annual…

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Pension scams average losses now over £50,000

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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Chancellor to deliver Autumn 2021 Budget on 27 October

HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October.

On 7 September the Chancellor launched Spending Review 2021, which will conclude…

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FSB warns tax rises threaten recovery from pandemic

The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK's ongoing recovery from the Covid-19 pandemic.

According to the FSB, small businesses are coming up…

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HMRC issues warning on self assessment scams

HMRC has warned taxpayers completing their 2020/21 tax returns to 'be on their guard' and stay vigilant in regard to tax-related scams.

Nearly 800,000 tax scams were reported in the last…

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Claims portal reopens for Statutory Sick Pay Rebate Scheme

HMRC has reopened a claims portal for small employers to again claim refunds for coronavirus (COVID-19)-related sick pay.

The reopening follows the announcement of the reintroduction of the…

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Businesses urged to apply for remaining COVID-19 support grants

Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.

Hospitality, leisure and accommodation businesses can still apply for one-off…

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Business groups give mixed response to Spring Statement

The UK's business groups gave a mixed response to Chancellor Rishi Sunak's Spring Statement speech.

Shevaun Haviland, Director General of the British Chambers of Commerce (BCC), said:

'The…

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UK government unveils energy strategy

Up to eight more nuclear reactors could be delivered to existing sites as part of the UK's new energy strategy.

The plan, which aims to boost UK energy independence and tackle rising prices,…

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