News

Four million customers are yet to submit their completed self-assessment tax return and pay any tax owed ahead of the deadline on 31 January, according to HMRC. More than 12.2 million customers are expected to

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures from the tax authority. According to HMRC, reports of scammers impersonating HMRC in phone calls

The government’s Help to Grow: Digital scheme – designed to support smaller businesses in adopting digital technologies – has opened for applications. Under the scheme, eligible businesses can now receive discounts of up to £5,000

A study carried out by insurer Simply Business has found that 82% of business owners suffered from poor mental health during the coronavirus (COVID-19) pandemic. One in five owners surveyed stated that their mental health

HMRC expects to recover only a quarter of the total £5.8 billion lost to fraudulent claims and mistaken payments from the coronavirus (COVID-19) support schemes. The latest data confirmed by the tax authority revealed that

UK inflation rose at its fastest pace in nearly 30 years in the year to December, according to the latest figures from the Office for National Statistics (ONS). The UK’s Consumer Prices Index measure of

HMRC has warned that businesses must declare any coronavirus COVID-19 support grants or payments on their company tax returns and stated that the grants and payments are taxable. The deadline for filing company tax returns

The Treasury’s decision to freeze income tax thresholds will drag over one million people into the higher rate tax band over the next four years, according to research commissioned by the Liberal Democrats. Analysis by the

Research published by Nucleus Commercial Finance has revealed that over half of small and medium-sized enterprises (SMEs) in the UK are confused about the government’s plans to ‘level up’ the country. The research found that

HMRC’s Fraud Investigation Service (FIS) has now recovered more than £1 billion from proceeds of crime and tax offenders. HMRC’s Fraud Investigation Service (FIS) was launched in April 2016 and pursues the suspected proceeds of

The British Chambers of Commerce (BCC) has warned that businesses are facing ‘unprecedented cost pressures’, with inflation predicted to surge. However, firms also worry that another rise in interest rates will set back the economic

HMRC is waiving late filing and late payment penalties for self-assessment taxpayers for one month. The measure will give those taxpayers affected by the coronavirus (COVID-19) extra time, if they need it, to complete their