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11/09/2024
£5.5 billion lost due to tax evasion
A report published by the National Audit Office (NAO) has found that £5.5 billion was lost due to tax evasion in 2022/23.
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Scam complaints reach highest level
Data published by the Financial Ombudsman Service has revealed that fraud and scam complaints have hit their highest ever level.
Basic retirement rises
The average pension pot required for a basic standard of living in retirement has surged to almost £110,000 in just three years, according to research by the Resolution Foundation.
06/09/2024
HMRC sends ‘nudge letters’
HMRC has ‘sent nudge’ letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).
HMRC debunk some common myths
HMRC has clarified some common myths about self assessment tax returns. HMRC stated that there are ‘plenty of myths’ about who must file a self assessment return before the 31 January 2025 deadline. These include:
Scrap fuel duty cut says RAC
Motoring organisation the RAC has called for a 5p cut in fuel duty to be scrapped in the upcoming Autumn Budget on 30 October.
28/08/2024
Record number of self-employed 60 or over
The number of self-employed people aged 60 or over has reached a record of almost a million, according to analysis by Rest Less.
2024 ‘record number’ of company creations
Research published by data provider Beauhurst and NatWest has suggested that the UK is on track for a record number of new company creations.
21/08/2024
Rise in childcare costs
Research published by insurer Phoenix Group has revealed that childcare costs for working parents have risen during the summer holidays by an average of £1,683 per month.
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