The government will contact thousands of young people about forgotten Child Trust Funds (CTFs) in a bid to reunite account holders with their accounts that are now worth £2,200 on average. CTFs were introduced by the government in 2005 and…
HMRC has published the latest issue of the Employer Bulletin. The April issue has information on various topics, including: Reminder of key dates and processes for reporting benefits in kind (BiKs). Real Time Information submission problems — Incorrect handling of…
Skills planning is ‘vital’ to better engaging Generation Z with the workplace, says the British Chambers of Commerce (BCC). The report analysed Local Skills Improvement Plans (LSIPs) and found that they have engaged thousands of people and employers in the…
HMRC is warning pensioners to be on high alert for scams as the recovery of Winter Fuel Payments begins this month. Almost two million people are expected to repay their winter 2025 payment due to their annual income being more…
Higher energy prices due to the conflict in the Middle East are set to make the median working-age British household £480 worse off this year, according to the Resolution Foundation. The think tank based its estimates on market-forecasts for the…
Vaping-related businesses and supply chains need to register now for Vaping Products Duty (VPD) and the Vaping Duty Stamps (VDS) Scheme, says HMRC. Businesses need to provide the required information now to register for HMRC approval and begin the process…
There is now less than a year to go before all employers must tax benefits-in-kind via the payroll, the Chartered Institute of Taxation has warned. Benefits-in-kind are non-cash benefits provided by employers to employees or directors. Common benefits include company…
The government’s proposed tourist tax would constitute a £1.6 billion tax increase for holidaymakers, according to analysis by Oxford Economics. The modelling, which was commissioned by UKHospitality, assumed a 5% levy is fully realised by 2030. It showed a £2.2…
The government has confirmed it will review approved mileage rates for business users ahead of a future Budget. The announcement comes after more than a decade without change - despite rising fuel, insurance and maintenance costs leaving many workers covering…
The government’s new procurement rules that target opportunities for smaller businesses offer hope to SMEs, according to the British Chambers of Commerce (BCC). Government departments have, for the first time, set individual spending targets for SMEs to deliver over £7.4…
