Business News
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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