NEWS
Stay up to date with what’s going on in the world of tax and finance. Our news stories cover the latest developments in tax, employment and economics that affect businesses and individuals.
Hundreds of taxpayers caught out by IHT gift rule
Taxpayers lost out on over £600 million.PM calls for SMEs to lead charge to net zero
The Government wants SMEs to achieve net zero by 2050.Trade credit reinsurance scheme to end
It will end on the originally planned date.R&D tax credit scheme a ‘costly failure’, says report
Companies invest less than before the policy’s introduction.Employers told to issue childcare voucher reminder
HMRC also implies working parents might be better off using tax-free childcare.HMRC seeks to remove VAT repayment supplement
Tax body warns of potentially ‘devastating’ impact on VAT-registered businesses’ cashflow.Government borrowing surpasses £30bn in April
The data comes from a joint ONS-Treasury report.OTS urges reform to capital gains reporting system
It suggests replacing the three main reporting systems.Funds for regulators to help innovative businesses are now open
Applicants can claim up to £200,000 per project.Calls for the Government to protect umbrella company workers
Some companies are accused of failing in their obligations.