With the 2020 Budget soon approaching, business groups have urged Chancellor Rishi Sunak to take a new approach to making tax policy. The Institute for Fiscal Studies (IFS), the Chartered Institute of Taxation (CIOT) and the Institute for Government (IfG) have written...
In April 2020, changes to the off-payroll working rules (IR35) will come into effect. Who the rules apply to You may be affected by these rules if you are: a worker who provides their services through their intermediarya client who receives services from a worker...
The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April 2020 that will make the overdraft fees simpler for users. According to the new rules, overdraft users can only be charged a simple annual interest rate. Therefore, no additional...
Average household debt in the UK is now higher than during the 2008 financial crisis, according to a study by the Trades Union Congress (TUC). The TUC have claimed that average household debt is currently 31% above its peak before the financial crisis. The study...
HMRC have issued guidance on understanding the difference between genuine Revenue contact and phishing emails. Criminals use phishing emails to try to obtain taxpayers’ personal or financial information. HMRC stated that these emails often contain a link to a...
