News Centre

Intervention 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.

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.

In his Spring Statement speech, Chancellor Rishi Sunak responded to the latest forecasts as published by the Office for Budget Responsibility (OBR).

The level at which students begin to pay back their loans will be lowered from £27,295 to £25,000 for new borrowers.

UK economic growth is expected to halve this year amid soaring inflation, major tax rises, and global shocks including Russia's invasion of Ukraine, warns the British Chambers of Commerce (BCC).

In our latest blog, our senior tax manager, John Carter, looks at what businesses need to know about the impending plastic packaging tax and how they can prepare for it in advance.

As a result of the coronavirus pandemic, HMRC gave those that need it extra time to pay any tax that they may owe.

HMRC 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.

The government must overhaul motoring taxes as it phases out new diesel and petrol vehicles, according to MPs.

Following 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.

Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.

The Chancellor must act at the Spring Statement or risk the UK economy drifting backwards to low growth, warns the Confederation of British Industry (CBI).

A partnership agreement to establish two green freeports in Scotland has been reached between the Scottish and UK governments.

The British Chambers of Commerce (BCC) has called for urgent action to help improve trade with the EU.

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

Creating an official digital currency in the UK could pose significant risks to the financial stability of banks, a House of Lords committee has warned.

The Confederation of British Industry (CBI) has warned the government that the planned rise in national insurance will squeeze budgets and affect economic growth.

Consumer group Which? has urged taxpayers to avoid using so-called 'refund firms' to claim tax rebates.

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 government's Help to Grow: Digital scheme ' designed to support smaller businesses in adopting digital technologies ' is now open for applications.

HMRC has reopened a claims portal for small employers to again claim refunds for coronavirus (COVID-19)-related sick pay.