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Our News page is updated daily and the news feed is supplied by Sift media who are well respected writers in the industry. If you are interested in new laws, guidance and reports on anything that is happening in Government that could affect your business, these posts -will be useful. You can also sign up to receive them in your inbox.
HMRC raises late payment interest rates
Interest on tax debt rises to 7.5%.CIOT: Clearer guidance needed on cryptoassets
Professional bodies propose recommendations to HMRC.Tax gap hits £36bn in 2021/22
Small businesses responsible for half the tax gap.HMRC “underestimated” the complexity of MTD
Issues with migrating data delayed the scheme.Insolvencies increase by 51% in May
2,552 companies registered as insolvent last month.Charities gain more financial freedom
Charities Act changes give trustees greater flexibility.Making Tax Digital said to cost £1.3bn
The original 2020 launch date was “unviable”.Government may scrap oil and gas windfall tax
Levy will remain in place unless prices drop.Self-assessment helpline to close for three months
HMRC will focus resources on other ‘problem calls’.Employee share schemes under review
The Government aims to simplify the system.
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