Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget. The Office for National Statistics (ONS) data revealed that government borrowing for last December was around half of that borrowed in December... read more →
Feb
02
Jan
04
HMRC has published the latest issue of the Employer Bulletin. The December issue has information on various topics, including: National Minimum Wage, Geographical Compliance Approach – support for employers payrolling expenses and benefits for the 2024/25 tax year off payroll working rules (IR35) – opportunity to pause settlement help to... read more →
Jan
04
Less than 30% of firms expect their workforce to fully return to the workplace over the next five years, according to research by the British Chambers of Commerce (BCC). The survey of over 1,000 businesses found just 27% of respondents predict their employees will be fully physically present in the... read more →
Jan
04
Proposals to provide greater protection to UK small businesses on energy bills have been launched by the energy regulator Ofgem. Ofgem's proposals will help to ensure businesses receive the highest standards of service and more clarity on the costs being paid to third party brokers. Ofgem said that it has... read more →
Jan
04
With less than a month to go to the self assessment deadline 5.7 million taxpayers have been urged to file their 2022/23 tax returns by HMRC. HMRC data shows almost 6.5 million customers have already beaten the self assessment clock by filing their tax return. This includes 49,317 taxpayers who... read more →
Jan
04
HMRC recently updated its guidance on off payroll working compliance for employers. The new guidance sets out 'practical steps' for organisations to follow. It affects employers who are responsible for operating off payroll working rules and who engage workers who provide their services through their own intermediary. The guidance states... read more →