Read on for the latest accounting, tax & business news from TidyCloud
UK announces National Wealth Fund
The UK government is planning a National Wealth Fund to stimulate private sector investment backed by £7.3 billion in funding through the UK Infrastructure Bank (UKIB).
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HMRC to send Simple Assessment tax statements to pensioners
HMRC will send Simple Assessment tax statements to pensioners in the next few weeks.
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HMRC launches VAT Registration Estimator
HMRC has launched a digital tool to help businesses estimate what registering for VAT may mean for them.
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CIS Contractors becoming increasingly under scrutiny from HMRC
Contractors within the construction industry are becoming increasingly under scrutiny from HMRC regarding employment and CIS assessments.
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Savers dangerously underestimating minimum cost of retirement
UK savers are dangerously underestimating the minimum amount needed to retire, according to research from pension provider PensionBee.
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Average earnings just £16 a week higher than 2010
Real average earnings are just £16 a week higher than they were 14 years ago, according to research conducted by the Resolution Foundation.
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Business ready to work in partnership with Labour government
The UK’s business groups have pledged to work in partnership with the new Labour government to revitalise the nation’s economy.
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Advisory fuel rates for company cars (June 2024)
New company car advisory fuel rates have been published and took effect from 1 June 2024.
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Taxpayers spend total of 800 years waiting to speak to HMRC
UK taxpayers spent the equivalent of 800 years on hold to HMRC in 2022/23, according to a report published by the National Audit Office (NAO).
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