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What are the latest stories impacting tax and accounting?

Whether it be news from the budget, or HMRCs digital reform plans, there are a wide range of regular news stories outlining the impact on individuals and businesses.

Record wage growth not fast enough to beat inflation
July 12, 2023
Wage growth nevertheless fuels inflation fears.
Chancellor aims to boost pension funds by £1,000 a year
July 11, 2023
Announcement part of wider pension reforms.
Alcohol duty system changes from next month
July 10, 2023
All alcoholic drinks to be taxed based on ABV.
Business confidence falls in June
July 7, 2023
Directors cite stubborn inflation as their main concern.
CIOT: R&D crackdown deters legitimate claims
July 6, 2023
Current ‘volume compliance’ approach does not work.
SMEs responsible for 56% of tax gap
July 5, 2023
Tax gap rises by 5% to £36bn.
HMRC raises late payment interest rates
July 5, 2023
Interest on tax debt rises to 7.5%.
HMRC defends decision to close self-assessment helpline
July 5, 2023
Treasury says reasons for temporary closure “not good enough”.
Alcohol duty changes could raise extra £3bn
July 4, 2023
One month until new alcohol duty system introduced.
HMRC raises late payment interest rates
July 3, 2023
Interest on tax debt rises to 7.5%.