Read on for the latest accounting, tax & business news from TidyCloud
More than seven million adults still struggling to pay bills, finds FCA
Around 7.4 million people in the UK struggled to pay a bill or a credit repayment in January, according to the Financial Conduct Authority (FCA).
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UK borrowing reduces Chancellor’s wiggle room
Higher than expected government borrowing has reduced the Chancellor’s ‘wiggle room’ at a pre-election Budget.
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New measures aim to ‘break the spell’ of fraudsters
New measures aim to ‘break the spell’ of financial fraudsters by giving payment providers more time, according to draft legislation published by the government.
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HMRC’s services having a negative impact on SME productivity
The productivity and efficiency of SMEs is suffering as a result of poor HMRC services, according to members of the Association of Chartered Certified Accountants (ACCA).
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Relief at HMRC’s reversal of helpline closures
HMRC’s decision to halt its plans to restrict taxpayer helplines and direct people to online services instead has been met with relief by the FSB.
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Spring Budget 2024
Chancellor Jeremy Hunt unveiled a “long-term growth” plan in the 2024 Spring Budget. Let’s delve deeper into the key announcements.
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Advisory fuel rates for company cars (March 2024)
New company car advisory fuel rates have been published and took effect from 1 March 2024.
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Pensions income needed to retire rises
The amount needed for a single person to have a moderate retirement has risen to £31,300, according to the Pensions and Lifetime Savings Association (PLSA).
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HMRC publishes guidance on MTD for ITSA for sole traders and landlords
HMRC has published new guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA).
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