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The government’s Tax-Free Childcare (TFC) initiative helped 649,935 families to save on their childcare costs during the 2022/23 tax year, HMRC has revealed.…

Following the Bank of England’s latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.

The Bank increased…

The British Chambers of Commerce (BCC) has urged the government to ‘reconnect with businesses’ after it warned that small firms aren’t seeing any progress…

HMRC is seeking views on measures designed to simply and strengthen the Construction Industry Scheme (CIS).

A consultation on the issue considers whether…

The number of self assessment taxpayers filing their tax return on the first day of the tax year has more than doubled since 2018, HMRC has revealed.

More than…

The Institute of Chartered Accountants in England and Wales (ICAEW) has written to HMRC regarding how Making Tax Digital for Income Tax Self Assessment (MTD…

A survey carried out by Purbeck Personal Guarantee Insurance has suggested that half of small business owners have had their mental health adversely affected…

Optimism amongst UK business leaders over prospects for the UK economy rose for the fifth consecutive month in April, according to a survey conducted by the…

The Competition and Markets Authority (CMA) has initiated a review into competition and consumer protection considerations in regard to the development…