Feb 8, 2023 | Government Announcements
Prime Minister Rishi Sunak has broken up the department of business, energy and industrial strategy (BEIS) as part of a wider shake-up of Government departments. As part of the reorganisation, a combined department of business and trade will focus on supporting growth...
Feb 7, 2023 | Government AnnouncementsPersonal Tax
HMRC is raising interest on tax debt following the Bank of England's (BoE) base rate increase on Thursday (2 February). The new late payment and repayment interest rates will come into effect from 21 February. Taxes affected include income tax, National Insurance...
Feb 3, 2023 | Current AffairsGovernment Announcements
The Bank of England (BoE) has raised interest rates by 0.5% to 4% following a monetary policy committee (MPC) meeting on Thursday (2 February). This is the tenth consecutive time the Bank has increased interest rates, resulting in the highest base rate in 14 years....
Feb 1, 2023 | Government AnnouncementsPAYE and NIPersonal Tax
Around 2.7 million customers were yet to file their self-assessment tax return with just hours to go before the deadline at midnight on Tuesday (31 January). Over 9 million taxpayers have already submitted and paid their tax returns for the 2021/22 tax year ahead of...
Jan 30, 2023 | Government Announcements
HMRC has confirmed its new method for calculating advisory electric rates (AER) for people who drive electric company vehicles. As of December 2022, HMRC calculates AER quarterly using Office for National Statistics (ONS) energy figures and electrical energy...
