Read on for the latest accounting, tax & business news from TidyCloud
Cash usage on the rise for second successive year
Cash use in the shops rose for a second year in a row in 2023 after a decade of falls, according to the British Retail Consortium (BRC).
Advisory fuel rates for company cars (Dec 2024)
New company car advisory fuel rates have been published and took effect from 1 December 2024.
Almost half of UK adults have not written a will
Nearly half UK of adults have not written a will, nor are they currently in the process of doing so, according to research published by life insurer Canada Life.
HMRC warns landlords to disclose earnings
HMRC has warned landlords to disclose their earnings on self assessment tax returns.
Government announces apprenticeship reforms
A new growth and skills levy which will replace the existing apprenticeship levy and include new foundation apprenticeships.
Billion-pound tax bombshell to hit hospitality, warns trade body
The end of business rates relief will sting hospitality with a £928 million bill in April unless the government acts in the Budget, warns UKHospitality.
IPSE calls for fairer off-payroll rules in Budget
The Chancellor should use her Autumn Budget to make off-payroll working rules ‘fairer and more effective’, according to the Association of Independent Professionals and the Self-Employed (IPSE).
HMRC urged to take action to defuse side hustle time bomb
HMRC has been urged to defuse a tax bombshell threatening online traders, by the Low Incomes Tax Reform Group (LITRG).
HMRC sends ‘nudge letters’ to crypto investors
HMRC has ‘sent nudge’ letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).