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More than 282,000 working families used a Tax-Free Childcare (TFC) account during March, according to figures from HMRC. HMRC said that it is the highest recorded number of families in any one month since the

Royal Assent of Finance Act 2021 was granted on 10 June, bringing the extended loss carry-back, super-deduction and other measures into force. The Act had not been expected to become law until July, but now

The four-week delay to the easing of lockdown in England has prompted business groups to call for further government support for businesses. The Confederation of British Industry (CBI) said ‘although the delay was regrettable it

HMRC has announced that it will recover over £1 billion in fraudulently claimed furlough cash over the next two years. UK employers have claimed more than £60 billion in furlough funds since the introduction of

The UK’s current research and development (R&D) tax relief regime offers valuable support to companies but could be improved, according to a survey carried out by the Institute of Chartered Accountants in England and Wales

The Office of Tax Simplification (OTS) is set to explore the benefits, costs and wider implications of changing the date of the end of the tax year for individuals. The review will focus on the

The G7’s finance ministers have announced a historic international agreement on global tax reform. Following years of discussions, finance ministers agreed to reforms, which they say will see multinationals pay their fair share of tax

Many small businesses will soon be required to begin repaying loans taken out under the government’s Bounce Back Loan Scheme (BBLS). The BBLS helped to support businesses during the coronavirus (COVID-19) pandemic, and permitted firms

An analysis carried out by the Trades Union Congress (TUC) has suggested that the UK’s green jobs and economic recovery plans lag behind the plans of most G7 countries. The UK currently ranks sixth for

The fifth Self-employment Income Support Scheme (SEISS) grant covering May 2021 to September 2021 will open to claims from late July, HMRC has confirmed. To be eligible for the grant, an individual must be self-employed

A survey carried out by the British Chambers of Commerce (BCC) has found that remote working was the most popular form of flexible working during the coronavirus (COVID-19) pandemic. The survey of more than 900

The UK economy grew significantly in the three months to May, according to the latest Growth Indicator from the Confederation of British Industry (CBI). The Indicator showed that private sector activity across the economy grew