The Federation of Small Businesses (FSB) has carried out a study which shows that small firms are losing £25 billion per year due to increasing compliance costs and time lost to dealing with tax admin. The government’s Making Tax Digital (MTD) initiative has...
Millions of workers were able to keep their jobs over the pandemic due to the government’s Coronavirus Job Retention Scheme (CJRS). The scheme is ending 30 September. At a cost of around £70 billion, the wages of more than 11 million people were subsidised for...
HMRC has announced that the introduction of Making Tax Digital (MTD) for Income Tax self assessment (MTD for ITSA) has been delayed for a year. The government says that the change is in response to the difficulty faced by many UK businesses throughout the COVID-19...
At the end of July, 1.6 million people were still on furlough. This is the lowest level since the start of the pandemic and down by 340,000 compared to the month prior. But older people and the travel sector did less well, with 50% of eligible travel workers still on...
HM Treasury has confirmed that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October. The Chancellor launched Spending Review 2021 on 7 September, which will conclude on 27 October and will be presented alongside the Autumn Budget....
