Business News
Interest on late taxes raised to 3.5%
Move by HMRC follows increase in basic interest rate.Work-from-home tax relief changes in 2022/23
Lifting of restrictions means workers may not qualify this year.HMRC urges people to claim tax breaks
Financial support could be available for you.Thousands benefit from time to pay scheme
The deadline has now passed for self-assessment submissions.Penalties nearing for unpaid tax
Prices increase by nearly 10% in 12 monthsIncome tax freeze set to bring in an additional £13bn
Higher inflation expected to bring more people into tax.IHT receipts up £0.7bn
Increase attributed to COVID-19 and rising house prices.More than one million use extra time to file tax returns
Over 11.3m individuals file self-assessment tax returns by 28 February 2022.£2.8bn in state benefits go unclaimed
Billions were not taken up in 2019/20, says DWP.Taxpayers flock to use time-to-pay plans
£310 million paid in instalments since April 2021.
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