Jul 20, 2020 | Government Announcements
The Public Accounts Committee (PAC) has today published a report calling for a review of tax reliefs in the UK on the grounds that few deliver the "intended effect on economic behaviour". It says that the ten most expensive tax reliefs cost £117 billion per year but...
Jul 13, 2020 | Government Announcements
The difference between what tax should be paid and the amount that HMRC actually receives fell to a record low in 2018/19. HMRC collected £628 billion in tax receipts for 2018/19, which equated to more than 95% of what was owed. Continuing a long-term downward trend,...
Jul 9, 2020 | Government Announcements
Chancellor Rishi Sunak has announced a raft of new measures to stimulate the UK economy in the wake of the coronavirus crisis. A headline measure was a new grant scheme to encourage employers to keep on staff they've brought back from furlough. Firms will be rewarded...
Jun 1, 2020 | Government Announcements
Self-employed people whose work has been affected by coronavirus have been boosted by an extension to the coronavirus income support scheme. Workers will be able to make a second and final claim in August for up to £6,750 through the self-employed income support...
May 26, 2020 | Government Announcements
The Government has extended a scheme that enables homeowners affected by coronavirus to take mortgage payments holidays. Chancellor Rishi Sunak announced in March that mortgage borrowers would be entitled to payment holidays, initially lasting three months. With that...
