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MTD for Corporation Tax plans scrapped
HMRC confirms change of direction for CT reform.
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Millions of taxpayers leave returns until the last minute
2.7 million self-assessment customers were yet to file just hours before the deadline.HMRC publishes updated VAT penalty regime
The updated penalty system came into effect on 3 January.Chancellor outlines four ‘Es’ to grow the economy
Hunt suggests taxes won’t be cut until inflation is under control.IMF forecasts UK economy will shrink in 2023
Britain is expected to be the only G7 country in recession this year.HMRC reveals new AER calculation method
Quarterly reviews will use ONS data to calculate advisory electric rates.Small business tax debt is growing
Non-payment has increased since the Covid-19 pandemic.Wait time for HMRC helpline hits 27 minutes
HMRC says that home workers are not affecting call centre performance.Tax take hits £553 billion due to threshold freezes
Revenue is up by £48bn on the same period last year.Top 20% of earners pay majority of all income tax
Over half of UK taxpayers receive more in benefits than they pay in tax.Half of sole traders yet to file self-assessment return
Self-assessment taxpayers only have 11 days to file their returns.