UK adults face a significant shortfall in their pension savings at retirement compared to what they wanted to retire on, according to research from Standard Life. Standard Life's Retirement Voice Report found that, on average, retirees had hoped to build up a pension pot of £250,000. However, the average amount... read more →
Jun
06
Jun
06
UK taxpayers spent the equivalent of 800 years on hold to HMRC in 2022/23, according to a report published by the National Audit Office (NAO). The report found that funding pressures, job cuts and a push to reduce costs by encouraging people to manage their tax affairs online had all... read more →
Jun
06
An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG). The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs) that can be made by... read more →
Jun
06
Revitalising ‘Brand Britain’ in its first 100 days in office should be a priority for the party that wins the General Election, says the Confederation of British Industry (CBI). In its Business Manifesto, the business group has mapped out the steps it says the next government can take to redefine... read more →
Jun
06
The next government must take a direct hand in rebuilding trust between HMRC and the self-employed, according to the Association of Independent Professionals and the Self-Employed (IPSE). The call is part of IPSE’s manifesto for the General Election on 4 July. Under its proposals, a Cabinet minister would be charged... read more →
May
03
HMRC has published the latest issue of the Employer Bulletin. The March issue has information on various topics, including: PAYE Settlement Agreement payment reporting expenses and benefits for the tax year ending 5 April 2024 mandating the payrolling of benefits in kind from April 2026 PAYE tax calculator basis period... read more →