HMRC increases late payment interest rate to 7.5%
HMRC has increased interest rates with late payment bills charged 7.5% from 11 July, the highest rate since 2001.
HMRC increases late payment interest rate to 7.5% Read More »
Sole Trader
Watch out for Transitional Year Taxes!
2023/24 is a transitional year for basis period reform and the changes could have a serious impact on your tax bill for January 2025.
Watch out for Transitional Year Taxes! Read More »
Companies named and shamed for minimum wage breaches
Over 200 employers have been named by the government for failing to pay their lowest paid employees the minimum wage.
Companies named and shamed for minimum wage breaches Read More »
Bank of England raises UK base interest rate to 5%
The Bank of England has raised UK interest rates to a 15-year high of 5% as it continues its battle against inflation.
Bank of England raises UK base interest rate to 5% Read More »
UK inflation stays at 8.7%
The UK’s rate of inflation plateaued at 8.7% in May, data published by the Office for National Statistics (ONS) has shown.
UK inflation stays at 8.7% Read More »
MTD expected to cost £1 billion extra
A report published by the National Audit Office has found that the MTD initiative is expected to cost around £1 billion more than its initial £226 million budget.
MTD expected to cost £1 billion extra Read More »