News
-
-
Advisory fuel rates for company cars
Published by Michael Graves on Wed, 06/09/2023 - 10:44amNew company car advisory fuel rates have been published and took effect from 1 September 2023.
The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.
The advisory fuel rates for journeys undertaken on or after 1 September 2023 are:
-
Latest guidance for employers
Published by Michael Graves on Wed, 06/09/2023 - 10:43am -
Government launches Business Climate Hub
Published by Michael Graves on Wed, 06/09/2023 - 10:41am -
Another million savers to be hit with tax on interest
Published by Michael Graves on Wed, 06/09/2023 - 10:37amThe frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.
In the 2023/24 tax year it is estimated that over 2.7 million individuals will pay tax on interest, up by a million in a year.
-
HMRC should increase rewards for whistleblowers, says law firm
Published by Michael Graves on Tue, 05/09/2023 - 10:32amHMRC should increase the rewards it pays out to whistleblowers in line with the US system, according to law firm RPC.
The tax authority paid out over £509,000 to individuals providing evidence about tax fraud over the past year, RPC's research found.
That figure is up from £495,000 in 2021/22 and a 75% increase from the £290,000 paid five years ago, the law firm added.
-
Over a third of households across England will pay higher energy bills this winter
Published by Michael Graves on Tue, 05/09/2023 - 10:29am -
UK set for five years of lost economic growth, warns think tank
Published by Michael Graves on Mon, 04/09/2023 - 2:03pmThe UK is set for five years of lost economic growth, according to research from think tank the National Institute for Economic and Social Research (NIESR).
The NIESR said the series of shocks from Brexit, Covid and Russia's invasion of Ukraine had badly affected the economy. It added that the spending power of workers in many parts of the UK will remain below pre-pandemic levels until the end of 2024.
-
Inflation falls to 6.8% in July
Published by Michael Graves on Mon, 04/09/2023 - 1:59pm -
HMRC gives £1.8 million a year to charities to help excluded taxpayers
Published by Michael Graves on Thu, 10/08/2023 - 9:00amThe voluntary and community sector will be able to apply for grants from HMRC to support their work with taxpayers who need extra assistance with their tax affairs.
Eligible organisations need to bid for the funding, worth £1.8 million a year from 2024 until 2027, up from the current annual grant of £1.66 million, through HMRC's voluntary and community sector grant funding programme.