Read on for the latest accounting, tax & business news from TidyCloud
Bank of England raises base rate to 3.5%
The Bank of England (BoE) has raised UK interest rates by half a percentage point to 3.5%.
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Tax non-compliance during pandemic cost UK £9 billion
Tax non-compliance during the pandemic cost the UK government £9 billion, according to a report from the National Audit Office (NAO).
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MTD for ITSA delayed for two years
The Treasury has announced that Making Tax Digital for ITSA will be delayed for two years until April 2026.
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Will MTD for ITSA be delayed?
Rumours are circling that HMRC may delay the introduction of the Making Tax Digital for income tax (MTD for ITSA) system by up to two years.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 September 2022 for journeys from 1 December 2022 onward.
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Auto-enrolment has helped workers save £114 billion into pensions
Workers have saved more than £114 billion into their pension pots since pensions automatic enrolment was implemented ten years ago
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IFS warns of fall in household incomes
The IFS has warned that household incomes will see their biggest drop in generations following the Autumn Statement.
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Tax burden rises following Autumn Statement
The UK’s tax burden will rise after Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes.
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Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics
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