Taxpayers collectively spent 558 years calling HMRC last year, according to UHY Hacker Young. The average waiting time was 18 minutes, which is an improvement on the average...
Investors will be deterred from investing in venture capital trusts (VCTs) next year as a result of the government’s plans to cut income tax relief on VCTs from 30% to 20%...
An overseas establishment of a business that is VAT grouped in the UK should be treated as part of that VAT group, even when located in an EU member state that does not operate...
The Treasury Committee is launching an inquiry reflecting on the Office for Budget Responsibility’s (OBR) first 15 years. It is seeking evidence on the OBR’s...
HMRC has announced the finalists of a competition launched in July 2025 to help close the tax gap, bringing together expertise from across the UK’s private sector to harness...
Employer BulletinThe December edition of HMRC’s Employer Bulletin includes articles on preparing for new PAYE responsibilities in labour supply chains, clarifying the optional...
The total VAT receipts in the financial year 2024-25 increased by 2% to £171bn from £168bn in 2023-24, according to HMRC statistics. The changes in total VAT receipts...
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 December 2025, until further notice. For one month from the date of change, employers...
HMRC has reminded employers about the permanent easement on reporting PAYE information in real time over Christmas.
Employers that pay early should report the normal or...
The soft drinks industry levy (SDIL) is to be extended to packaged milk-based drinks, the government has announced. A ‘lactose allowance’ will be introduced to account...