MTD for VAT penalties issued from November
People could face fines after the VAT portal closure.
HMRC expects to be processing R&D tax credit claims once again
R&D payments were paused in April due to fraud
HMRC releases MTD for ITSA guidance
New framework will be mandatory from April 2024.
£5,000 penalty for failure to register trusts
Most trust arrangements need to be registered by September.
HMRC releases COVID-19 loan error guide
Employers are encouraged to check their calculations.
Companies House to launch single sign-in
Launch aimed for this autumn.
Tax experts set up crypto working group
Crypto asset market capitalisation currently at $900bn.
MTD penalties confirmed by HMRC
Waiver for soft penalties to be removed by November.
Inheritance tax receipts up by £0.3bn
Total payment of £2.4bn paid on inheritance tax.
Tax relief for creative businesses exceeds £1bn
Total tax breaks are down by a third on previous year.
Govt. expands ‘help to grow: digital’ scheme
Scheme expanded to very smallest businesses.
Bank of England raises interest rates to 1.75%
Increase sees the highest jump in 27 years.