Tax gap remains unchanged at £32bn
Tax gap remains unchanged at £32bn HMRC has estimated that the tax gap for the 2020 to 2021 tax year is £32bn, or 5.1% – the second lowest recorded percentage
Entries by Tom Saltmarsh
Get ready to file your plastic packaging tax return
Get ready to file your plastic packaging tax return Businesses that manufacture or import plastic packaging into the UK may have to submit a plastic packaging tax (PPT) return by
Loan system deterring many students from progressing
Loan system deterring many students from progressing Almost half (49%) of students and graduates aged 18 to 22 say the prospect of taking out a student loan made them think
HMRC increases late payment interest rates
HMRC increases late payment interest rates The increase in the base rate from 1% to 1.25% on 16 June 2022 has triggered an increase in rates for late payments of
Employees with electric cars should check tax codes
Employees with electric cars should check tax codes Employees who have company electric cars that they can use for private purposes should check their tax code numbers to ensure that
Statutory Maternity Pay
Statutory maternity pay First introduced in 1987, statutory maternity pay (SMP) is the payment made to eligible women, who take a period of maternity leave either prior to, or from,
Rachel Roden - #IABstories
Rachel Roden - Director of Agility Bookkeeping Ltd I started my journey as a self-employed bookkeeper in 2009 just after celebrating my 50th birthday. My ambition was to provide help
Inflation hits 40-year high in May
Inflation hits 40-year high in May UK inflation climbed to a new 40-year high in May 2022, latest figures from the Office for National Statistics show. May’s consumer price index
Learning by making marginal gains
Learning by making marginal gains Lisa Nelson, Director of Learning at Kaplan, explains why students really should sweat the small stuff One reason why problems can be hard to solve
Bodies write to complain about HMRC’s ‘poor’ performance levels
Bodies write to complain about HMRC’s ‘poor’ performance levels Representatives of four of the UK’s leading accountancy bodies have written to HMRC about their “long-standing concerns over HMRC’s service levels”.
HMRC launches consultation on Repayment Agents
HMRC launches consultation on Repayment Agents New measures to stop ‘rip-off’ agents taking advantage of people and pocketing their tax repayments have been proposed by HMRC. The 12-week consultation, ‘Raising
Firms urged to move to new single customs platform
Firms urged to move to new single customs platform More than 220,000 VAT-registered businesses are being contacted by HMRC to urge them to move to the UK’s new streamlined customs
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