MTD for VAT brings in up to an extra £195 million in tax
Estimates show that up to £195 million in extra tax revenue has been collected via Making Tax Digital for VAT (MTD for VAT), according to research from HMRC.
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Estimates show that up to £195 million in extra tax revenue has been collected via Making Tax Digital for VAT (MTD for VAT), according to research from HMRC.
Read moreThe Bank of England has raised interest rates for the third consecutive time.
Read moreThe level at which students begin to pay back their loans will be lowered from £27,295 to £25,000 for new borrowers.
Read moreIntervention by the Competition and Markets Authority (CMA) has freed more leaseholders from increasing ground rent terms that saw them trapped in homes they struggled to sell or mortgage.
Read moreIn his Spring Statement speech, Chancellor Rishi Sunak responded to the latest forecasts as published by the Office for Budget Responsibility (OBR).
Read moreThe UK's business groups gave a mixed response to Chancellor Rishi Sunak's Spring Statement speech.
Read moreChancellor Rishi Sunak announced a 5p per litre cut in fuel duty for petrol and diesel in the 2022 Spring Statement.
Read moreChancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022.
Read moreA partnership agreement to establish two green freeports in Scotland has been reached between the Scottish and UK governments.
Read moreThe Chancellor must act at the Spring Statement or risk the UK economy drifting backwards to low growth, warns the Confederation of British Industry (CBI).
Read moreThe?Statutory Sick Pay Rebate Scheme?(SSPRS) will close on 17??? ?March??? ?2022.
Read moreBusinesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.
Read moreFollowing the decision by the Bank of England to increase the base rate, HMRC has confirmed that the late payment interest rate rose a quarter of a percent.
Read moreThe government must overhaul motoring taxes as it phases out new diesel and petrol vehicles, according to MPs.
Read moreHMRC has revealed that more than one million taxpayers filed their late tax returns in February - taking advantage of the extra time to complete their self assessment without facing a penalty.
Read moreThe British Chambers of Commerce (BCC) has called for urgent action to help improve trade with the EU.
Read moreReports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures from the tax authority.
Read moreCreating an official digital currency in the UK could pose significant risks to the financial stability of banks, a House of Lords committee has warned.
Read moreThe Confederation of British Industry (CBI) has warned the government that the planned rise in national insurance will squeeze budgets and affect economic growth.
Read moreConsumer group Which? has urged taxpayers to avoid using so-called 'refund firms' to claim tax rebates.
Read moreHMRC has reopened a claims portal for small employers to again claim refunds for coronavirus (COVID-19)-related sick pay.
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