Sep 18, 2023 | Current Affairs
The UK economy shrank by 0.5% in July, according to the Office for National Statistics (ONS), reinforcing fears of a recession in the second half of 2023. Poor weather conditions and industrial action contributed to the contraction. The ONS said that strikes by junior...
Sep 15, 2023 | Current Affairs
HMRC has hired IT company Restore to bolster its digital communications and online services. The contract, valued at £140 million, will support HMRC's online services so fewer taxpayers have to rely on contacting tax authorities via post and phone. HMRC has been...
Sep 14, 2023 | Current Affairs
New research by Canada Life reveals that 13% of UK adults not currently retired do not plan on ever giving up work. One in ten Brits have also never thought about planning for retirement and do not plan on doing so, the survey of 2,000 UK adults found. Meanwhile, 19%...
Sep 12, 2023 | Current Affairs
Jeremy Hunt has warned that the high inflation in the UK will prevent pre-election tax cuts this autumn amid signals that the Bank of England will raise interest rates again to ease cost of living pressures. Speaking in India, the Chancellor said he was wary about...
Sep 11, 2023 | Current Affairs
HMRC has acknowledged that its handling of some R&D tax relief claims has not met its own standards and commitments under its Charter. Responding to a letter from the Chartered Institute of Taxation (CIOT), HMRC said feedback from tax professionals has "directly...
