Jun 11, 2024 | Current Affairs
The volume of data provided by foreign tax authorities to HMRC about UK taxpayers living abroad has surged by 48% over the past five years. In 2019, there were 6.4 million disclosures from foreign tax authorities to HMRC regarding UK taxpayers. This figure has...
Jun 10, 2024 | Current Affairs
According to a Trades Union Congress (TUC) analysis, UK unemployment is rising fastest among 38 of the world's richest countries. All UK regions faced rising unemployment and fewer job vacancies in the first three months of the year, highlighting a mismatch between...
Jun 6, 2024 | Current Affairs
Last year, HMRC increased scrutiny on VAT registrations, rejecting 17% of applications. Of 314,000 applications, only 261,000 were approved, 52,000 failed to meet HMRC's stringent rules, and 1,000 were withdrawn. HMRC's excessive caution against VAT fraud could hinder...
Jun 5, 2024 | Current Affairs
Mass complaints erupted nationwide after half a million families failed to receive child benefit payments. HMRC apologised on X (formerly Twitter) on 3 June, attributing the issue to a processing error, which has now been resolved. The missed payments will be made on...
Jun 4, 2024 | Current Affairs
The amount of bounce back loans fully repaid is just 13% out of the £46.9bn handed out to companies during the pandemic. Despite £46.9bn being handed out in bounce back Loans during the pandemic, only 13% have been fully repaid. While nearly three-quarters of...
