Countdown to Vaping Products Duty begins
There is now less than a year until the UK Government introduces Vaping Products Duty (VPD) and vaping duty stamps (VDS) on 1 October 2026. VPD, a new excise duty,…
Blog Posts
Over 750,000 young people yet to claim savings
Over 750,000 18-to-23-year-olds have yet to claim their matured Child Trust Funds, according to HMRC. The tax authority says that the accounts are worth £2,242 each on average. Child Trust…
Chancellor should use budget to reform tax system, IFS says
Chancellor Rachel Reeves should use the Autumn Budget to reform the UK’s tax system, says the Institute for Fiscal Studies (IFS). The think tank says this would help Ms Reeves…
New tax avoidance law risks missing target, warns CIOT
New legislation aimed at tackling rogue tax agents and those pushing tax avoidance schemes won’t catch all of those it is aimed at, warns the Chartered Institute of Taxation (CIOT)….
HMRC brings in extra £4.6 billion using ‘big data’ system
HMRC brought in an extra £4.6 billion in tax revenue last year by using its ‘big data’ system. The tax authority’s Connect system uses data from a wide range of…
Expert Advisory Panel to provide industry insight on R&D tax relief
HMRC has appointed six independent industry specialists to a new Research and Development (R&D) Expert Advisory Panel. The introduction of the panel is one of a number of practical enhancements…
Employers named and shamed for minimum wage breaches
The government has named and shamed nearly 500 employers who failed to pay the National Minimum Wage (NMW). The employers have been fined over £10 million for failing to comply…
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including: Internet link: GOV.UK
Budget Board must focus on easing the cost of doing business, says IoD
The government’s Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD). The board has been created to link top ministers and 10…
Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget
Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a ‘level playing field’ and protect workers’ pay. The Resolution Foundation said…
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