Chancellor Rachel Reeves recently announced a 'blitz on business bureaucracy', with cuts to red tape that the government says will save firms £6 billion. Ms Reeves says the government will be 'scrapping pointless paperwork' and speeding up planning to deliver…
The Treasury should make it easier for state pensioners to pay any tax they owe with a Pay as You Earn (PAYE) scheme, says the Low Incomes Tax Reform Group (LITRG). The LITRG told the Treasury that there is a…
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including: Making your PAYE Settlement Agreement payment. Guidance for labour supply chains featuring umbrella companies. New Advisory Electric Rate for fully electric…
The government has named and shamed nearly 500 employers who failed to pay the National Minimum Wage (NMW). The employers have been fined over £10 million for failing to comply with NMW laws. In addition, £6 million has been repaid…
HMRC has appointed six independent industry specialists to a new Research and Development (R&D) Expert Advisory Panel. The introduction of the panel is one of a number of practical enhancements that the tax authority says will make it easier for…
HMRC brought in an extra £4.6 billion in tax revenue last year by using its ‘big data’ system. The tax authority’s Connect system uses data from a wide range of financial sources to analyse tax returns and detect potential evasion.…
New legislation aimed at tackling rogue tax agents and those pushing tax avoidance schemes won’t catch all of those it is aimed at, warns the Chartered Institute of Taxation (CIOT). Instead the measures could make it harder for some taxpayers…
Chancellor Rachel Reeves should use the Autumn Budget to reform the UK’s tax system, says the Institute for Fiscal Studies (IFS). The think tank says this would help Ms Reeves to raise more revenue while limiting the hit to the…
Over 750,000 18-to-23-year-olds have yet to claim their matured Child Trust Funds, according to HMRC. The tax authority says that the accounts are worth £2,242 each on average. Child Trust Funds are long term, tax-free savings accounts which were set…
There is now less than a year until the UK Government introduces Vaping Products Duty (VPD) and vaping duty stamps (VDS) on 1 October 2026. VPD, a new excise duty, will apply to all vaping liquids (or e-liquids) sold or…
