

Closure of HMRC Self Assessment Helpline Raises Concerns for Taxpayers
The recent decision by HMRC to close its self-assessment helpline for a three-month period has sparked concerns among taxpayers....
Jul 2, 2023


HMRC's digital initiative is estimated to cost taxpayers and businesses over £1 billion.
The UK's digital tax scheme, Making Tax Digital, is facing significant delays and cost overruns, causing concerns. The programme, aimed...
Jun 27, 2023


P11D Issues: Tips for Handling Digital Submissions, Electric Cars, and Director's Loans
Digital Submission for P11Ds: Starting this year, all P11Ds must be submitted digitally. Dealing with Different Agents: Submitting P11Ds...
Jun 15, 2023


HMRC Shuts Down Self-Assessment Helpline for Three Months
HMRC is set to close its self-assessment helpline for a period of three months, starting from June 12th. During this time, taxpayers will...
Jun 9, 2023


HMRC Halts Sending VAT Penalty Notices to Agents' Homes
HM Revenue and Customs (HMRC) has temporarily stopped sending VAT penalty letters to agents' home addresses due to a system error. The...
Jun 2, 2023


UK Prepares for Recession as Mortgage Holders Struggle with Higher Rates
Britain is facing a looming recession as higher mortgage rates take a toll on homeowners, according to a warning from Moody's, a...
May 25, 2023


Bank of England approves 12th consecutive interest rate hike
The Bank of England has given the green light for another increase in interest rates, marking the 12th consecutive rise. The Bank of...
May 16, 2023


HMRC Expands Automated SMS Service for Routine Queries
The UK’s tax department, HMRC, has announced the expansion of its automated SMS messaging scheme to cover routine queries. Following a...
May 7, 2023


DWP Payment Rates to Increase
UK benefit recipients are set to receive a 10.1% increase in payments from the Department for Work and Pensions (DWP) and HM Revenue and...
Apr 23, 2023


What does GDP stand for and what are the methods used to measure it?
Gross Domestic Product (GDP) is an attempt to measure all the activities of individuals, companies, and governments in a country. In the...
Apr 13, 2023