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27/06/2024
Tax gap at record high
The UK’s tax gap rose to a record to £39.8 billion in 2022/23, up by £1.7 billion as small businesses accounted for almost two thirds of unpaid tax, according to HMRC’s data
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Tax rises will be difficult to avoid
The Institute for Fiscal Studies (IFS) has warned that tax rises will be difficult to avoid in the next five years.
G7 on UK's investment performance
Data published by think tank the Institute for Public Policy Research (IPPR) has found that the UK’s investment performance is worse than every other country in the G7
21/06/2024
Extend company car benefit-in-kind
The next government should prioritise extending the company car benefit-in-kind (BIK) taxation tables, the Association of Fleet Professionals recently stated.
Offshore tax evasion data revealed
A Freedom of Information (FOI) request has revealed that HMRC has not fined a single ‘enabler’ of offshore tax evasion in five years.
12/06/2024
Underestimating cost of retirement
Research carried out by pension provider Pension Bee has suggested that UK savers are ‘dangerously underestimating’ the minimum amount needed to retire.
Government must rebuild trust
The next government must take a direct hand in rebuilding trust between HMRC and the self-employed, according to the Association of Independent Professionals and the Self-Employed (IPSE).
Help firms to "navigate digital future"
Clear action is needed to help UK businesses ‘navigate their digital futures’, the British Chambers of Commerce (BCC) has warned.
06/06/2024
Check tax code following costly mistake
The government has urged millions of UK workers to check their tax codes following a ‘costly mistake’ which could result in lower salaries.
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