The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with ‘no questions asked’. The government says that over £10 billion was lost to pandemic fraud, flawed contracts and waste under the previous government’s pandemic era procurement
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 Downing Street officials with the Treasury. The board will meet weekly and will be chaired by the Prime Minister’s new economic advisor Baroness Minouche Shafik
Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury. Currently when a business opens a second property, they will lose access to all Small Business Rates Relief (SBRR) unless they meet specific conditions, holding businesses back
New company car advisory fuel rates have been published and took effect from 1 September 2025. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on
HMRC has split fuel advisory rates for electric cars depending on where drivers charge their company cars due to the price discrepancy between home and public chargers. From 1 September 2025, the single rate for fully electric cars will be abolished and replaced with two different rates reflecting whether a car is charged at home
The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced. The Office for Budget Responsibility’s latest outlook for the economy and public finances will be released on the same day. The Budget outlines the government’s plans for raising or lowering taxes and sets out its spending
HMRC has published the latest issue of the Employer Bulletin. The August issue has information on various topics, including: P11D and P11D(b) for tax year 2024/25 PAYE Settlement Agreement – calculations and payment employers PAYE disputed charges Spotlight 69 — liquidation of a Limited Liability Partnership used to avoid Capital Gains Tax implementation of the
HMRC is calling on self assessment taxpayers to remain vigilant to scams that claim to be from the department after receiving 170,000 reports of incidents. The tax authority says that scammers often impersonate HMRC, offering fake refunds or demanding urgent payments to steal personal and banking information. More than 170,000 scam incidents were reported to
HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for Making Tax Digital (MTD) for Income Tax when it comes into force. The first phase of MTD for Income Tax will begin next April at the start of the 2026/27 tax year. It will require individuals with
Parents have less than two weeks to tell HMRC their 16-19-year-old is continuing education or training, or their Child Benefit payments will stop. Hundreds of thousands of teenagers will decide on their future after they receive their GCSE results on 21 August 2025. For parents of 16-19-year-olds who haven’t yet extended their claim, Child Benefit