Aug 4, 2023 | Government Announcements
Trapped between high inflation and an economy on the brink of recession, the Bank of England (BoE) has once again increased the UK interest rate, taking the figure to 5.25%. The Bank's Monetary Policy Committee (MPC) voted on the 0.25% increase with a vote split. Two...
Aug 2, 2023 | Government Announcements
Taxpayers who take part in small-scale pilots of new policies should not be disadvantaged compared to the general population, the Chartered Institute of Taxation (CIOT) has urged. Responding to HMRC's recent consultation on "creating innovative change through new...
Aug 1, 2023 | Current AffairsGovernment Announcements
Corporate insolvencies hit a 14-year high in the second quarter of 2023, according to the latest figures published by the Insolvency Service. There were 6,342 seasonally adjusted corporate insolvencies across England and Wales in the second quarter of 2023 - an 8.9%...
Jul 21, 2023 | Government Announcements
The Government has published draft legislation proposing the two existing R&D tax relief schemes be merged into one. This single R&D tax relief would be delivered as an expenditure credit, incorporating aspects of the existing SME R&D tax relief and...
Jul 5, 2023 | Government Announcements
HMRC has defended its decision to temporarily close the self-assessment helpline following criticism from the Treasury Committee. In a letter to the committee, HMRC deputy chief Angela MacDonald said that shutting down the helpline for three months was part of a wider...
