The number of taxpayers caught in the 60% tax trap has increased by nearly 25% over the past year.
Category: All News
Opening the books – the government’s spending inheritance…
The date of the next Budget has been announced, accompanied by the new Chancellor’s warning about government finances.
Class 4 NIC reductions benefit the self-employed
Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year
Sales suppression one-to-many letter
HMRC has launched a campaign of one-to-many letters given its increasing concern surrounding the electronic suppression of sales (ESS).
Digital invoicing could prevent invoice fraud
Companies without a digital invoice processing system in place are leaving themselves open to invoice fraud. Over the past year, nearly a third of businesses have been targeted.
Small businesses top tax gap defaulters
For 2022/23, the tax gap has increased to a record £39.8 billion, with small businesses being blamed for around 60% of uncollected taxes.
From victory to Budget? Labour’s first 100 days
With a majority of over 200 and a weight of expectations, what happens next for Sir Kier Starmer’s new Labour government? The importance of the first 100 days of a new government cannot be understated. Within that period the new […]
A warning for iPhone owners
HMRC is warning iPhone users about a new wave of scam text messages claiming to be about tax refunds.
New carer’s leave in effect
Employers need to be aware that since 6 April 2024, employees are entitled to take a week’s unpaid leave each year if they need to fulfil caring responsibilities for a dependant.
Child benefit charge changes confirmed
Taxpayers will benefit from the changes made to the high income child benefit charge thanks to all tax measures from the March 2024 Budget being enacted before parliament was prorogued.
The first election tax stories
Within one week of the surprise firing of the general election starting gun, both the Conservatives and Labour have been promoting their tax plans.
Not in the NIC of time
A useful new web tool has emerged, a little late in the game, in a joint effort from two government departments.