Feb 22, 2023 | Current AffairsPersonal Tax
The Treasury is in a £5.4bn surplus after receiving more in tax receipts than it spent in January. Income tax receipts rose by 33% to £21.9 billion in January - the highest monthly tax take since records began in 1999. Meanwhile, the overall tax take also soared to...
Feb 20, 2023 | Current Affairs
The Chartered Institute of Taxation (CIOT) is urging HMRC to review its "unfair" repayment interest rates. According to the CIOT, customers with outstanding tax liabilities are facing late payment penalties up to 17 times higher than the amount returned to those who...
Feb 16, 2023 | Current Affairs
Annual consumer price inflation (CPI) eased slightly to 10.1% in January 2023 - down from 10.5% in December 2022, according to the latest figures from the Office for National Statistics (ONS). This was driven primarily by falling fuel costs and a dip in restaurant,...
Feb 15, 2023 | Current Affairs
The UK narrowly avoided recession in 2022, according to the Office for National Statistics (ONS). The latest ONS economic output figures show zero economic growth in Q4 of 2022, compared to a 0.2% drop in GDP in the previous quarter. Furthermore, the UK recorded a 4%...
Feb 14, 2023 | Current Affairs
Millions of households in England face a 5% council tax hike in April, says the County Councils Network (CCN). Around 75% of local authorities that have published their 2023/24 budget details plan to raise council tax by this amount - the maximum permitted without a...
