News desk
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
MTD for VAT penalties issued from November
People could face fines after the VAT portal closure.HMRC expects to be processing R&D tax credit claims once again
R&D payments were paused in April due to fraudHMRC releases MTD for ITSA guidance
New framework will be mandatory from April 2024.£5,000 penalty for failure to register trusts
Most trust arrangements need to be registered by September.HMRC releases COVID-19 loan error guide
Employers are encouraged to check their calculations.Companies House to launch single sign-in
Launch aimed for this autumn.Tax experts set up crypto working group
Crypto asset market capitalisation currently at $900bn.MTD penalties confirmed by HMRC
Waiver for soft penalties to be removed by November.Inheritance tax receipts up by £0.3bn
Total payment of £2.4bn paid on inheritance tax.Tax relief for creative businesses exceeds £1bn
Total tax breaks are down by a third on previous year.