HMRC has already received almost 950,000 online 2020/21 self assessment returns, the tax authority has confirmed. Over 63,500 taxpayers completed their returns on 6 April, the first day of the…
The UK's unemployment rate fell slightly to 4.8% in the three months to March despite the country still being in lockdown, according to the Office of National Statistics (ONS). It…
The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022. The PPT was announced in the Spring Budget and will be…
The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the independent body responsible for helping to make the UK tax system simpler and…
Data published by insurer PfP has revealed that HMRC received 91,000 calls to report instances of fraud in the first nine months of the coronavirus (COVID-19) pandemic. PfP stated that…
The UK economy shrank by 1.5% in the first quarter of 2021 as the country underwent a COVID-19 lockdown, according to the Office for National Statistics (ONS). School closures and…