HMRC gives £1.8 million a year to charities to help excluded taxpayers

Aug 01, 2023

The voluntary and community sector will be able to apply for grants from HMRC to support their work with taxpayers who need extra assistance with their tax affairs.

Eligible organisations need…

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Tax down on pints but up on wines and spirits in Alcohol Duty overhaul

Jul 31, 2023

The largest overhaul of alcohol duty in 140 years sees drinks taxed by strength rather than category from 1 August.

It also sees the introduction of Small Producer Relief, which aims to help…

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Almost a million Child Trust Funds still unclaimed

Jul 28, 2023

Almost a million young people have yet to access savings contained in Child Trust Funds (CTFs), according to a report by Parliament's Public Accounts Committee (PAC).

The PAC said over £1.7…

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UK inflation falls as economy shrinks in May

Jul 25, 2023

The UK's rate of inflation fell to 7.9% in the year to June while the country's economy shrank in May, according to the latest Consumer Prices Index (CPI) published by the Office for National Statistics…

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HMRC increases late payment interest rate

Jul 13, 2023

HMRC has increased interest rates with late payment bills charged 7.5% from 11 July, the highest rate since 2001.

The move follows the Bank of England's June increase in the base rate with HMRC…

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CMA scheme will force retailers to publish live fuel prices

Jul 10, 2023

A new fuel finder scheme to enable drivers access to live fuel prices and revitalise competition in the retail road fuel market, according to the Competition and Markets Authority (CMA).

The…

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MTD expected to cost £1 billion more than originally forecast

Jul 10, 2023

A report published by the National Audit Office (NAO) has found that HMRC's Making Tax Digital (MTD) initiative is expected to cost around £1 billion more than its initial £226 million budget, which…

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More than 200 companies named and shamed for minimum wage breaches

Jul 06, 2023

Over 200 employers have been named by the government for failing to pay their lowest paid employees the minimum wage.

The 202 employers were found to have failed to pay their workers almost…

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HMRC extends deadline for voluntary NICs

Jul 05, 2023

HMRC has extended the voluntary national insurance contributions (NICs) deadline until 2025.

Extending the voluntary NICs deadline until 2025 will give people more time to consider whether paying…

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