Read on for the latest accounting, tax & business news from TidyCloud
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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Revitalise ‘Brand Britain’, says CBI
Revitalising ‘Brand Britain’ in its first 100 days in office should be a priority for the party that wins the General Election, says the Confederation of British Industry (CBI).
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HMRC error means self-employed workers could lose out on state pension
An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits
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IR35 reforms taking their toll on skilled contractors
One in ten highly skilled freelancers are currently out of work due to the impact of reforms to IR35 tax legislation
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MTD for Income Tax pilot now live
HMRC’s pilot scheme for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is now live.
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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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