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 was forecast in 2016.
Read moreThe UK's rate of inflation plateaued at 8.7% in May, data published by the Office for National Statistics (ONS) has shown.
Read moreOver 200 employers have been named by the government for failing to pay their lowest paid employees the minimum wage.
Read moreThe Bank of England has raised UK interest rates to a 15-year high of 5% as it continues its battle against inflation.
Read moreThe Resolution Foundation think tank has called for the government to replace the initial post-Brexit trade plan with a 'far more ambitious' strategy to help protect Britain's manufacturing firms and seek new markets for UK services firms.
Read moreHMRC has extended the voluntary national insurance contributions (NICs) deadline until April 2025.
Read moreThe Institute of Chartered Accountants in England and Wales (ICAEW) has written to HMRC regarding how Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) can be better shaped to suit the needs of small property businesses and the self-employed.
Read moreThe number of people paying income tax at 40% or above will reach 7.8 million by 2027/28, according to research published by the Institute for Fiscal Studies (IFS).
Read moreThe Federation of Small Businesses (FSB) has urged energy suppliers to renegotiate fixed contracts for small firms on market-peak tariffs.
Read moreFollowing the Bank of England's latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.
Read moreThe number of self assessment taxpayers filing their tax return on the first day of the tax year has more than doubled since 2018, HMRC has revealed.
Read moreHMRC is reminding employed workers they can claim a refund on work-related expenses on the GOV.UK website.
Read moreThe UK rate of inflation fell to 8.7% in April from 10.1% in March.
Read moreThe Public Accounts Committee (PAC) has criticised the government for losing billions of taxpayers' money to fraud and error in pandemic support.
Read moreBusinesses are still facing major difficulties in hiring new staff, according to a survey conducted by the British Chambers of Commerce (BCC).
Read moreThe Trades Union Congress (TUC) has stated that UK employees must be protected from workplace decisions made by artificial intelligence (AI) systems.
Read more£177.6 million was lost to impersonation scams in 2022, data published by trade association UK Finance has revealed.
Read moreResearch carried out by think tank the Resolution Foundation has suggested that the size of the UK's six-year 'stealth tax' threshold freeze has nearly trebled to £25 billion.
Read moreUK inflation has dropped, but remains in double-digit levels, as the cost-of-living crisis eased slightly in March.
Read moreHMRC has reminded businesses that file VAT returns annually that the online VAT filing portal will close from 15 May 2023.
Read moreThe UK's business groups largely welcomed the measures taken in the Chancellor's Spring Budget.
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