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Business News

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Business News

PAC calls on government to give ‘honest picture’ of UK tax gap

The Public Accounts Committee (PAC) has urged the government to give a 'more honest' picture of the likely levels of the UK tax gap. The tax gap is the gap…

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20/10/2020
Business News

Government outlines plans to protect future of cash

The government has outlined plans to protect the UK's cash system and ensure people have easy access to cash. The Treasury stated that although cash use is declining, with people…

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19/10/2020
Business News

Government launches new coronavirus fraud hotline

The government has launched a new coronavirus (COVID-19) fraud hotline in conjunction with independent charity Crimestoppers. Members of the public can now call the new fraud hotline anonymously and free…

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16/10/2020
Business News

Over 54,000 workers claim home working tax relief using online portal

HMRC has received over 54,800 claims from customers using a new online portal that allows employees to claim tax relief for working at home. The portal, which was launched on…

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15/10/2020
Business News

Tax rises ‘inevitable’, says IFS

The Institute for Fiscal Studies (IFS) has suggested that the UK will require tax rises of £40 billion or more per yearduring the middle years of this decade to stop…

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14/10/2020
Business News

Resolution Foundation warns of a ‘lost COVID generation’

Think tank the Resolution Foundation has suggested that the coronavirus (COVID-19) has created a 'U-shaped crisis', with young adults and pensioners most likely to have stopped working during the pandemic.…

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13/10/2020
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