The overwhelming majority of businesses say the rise in employers’ NICs will force them to change their plans, according to research by the British Chambers of Commerce (BCC). With under six weeks until the NICs rise comes in, 82% of firms say the tax hike will cause them to rethink. In addition, 58% of surveyed… Read more…

HMRC will reduce late payment and repayment interest rates from 25 February following the cut in the base rate. The Bank of England cut the base rate to 4.5% on 6 February, triggering a 0.25% cut in HMRC interest rates which are pegged to the base rate. From 25 February, the late payment interest rate… Read more…

HMRC has published the latest issue of the Employer Bulletin. The February issue has information on various topics, including: end of year reporting payrolling employees’ benefits and expenses get ready for changes to National Insurance new online iForm for PAYE employment expenses expanding the cash basis relevant motoring expenditure – National Insurance contributions. Please contact… Read more…

New company car advisory fuel rates have been published and took effect from 1 March 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 or… Read more…

Parliament’s spending watchdog has accused HMRC of deliberately running down its phone services to force people to go online, according to a report. The Public Accounts Committee’s (PAC) report into HMRC’s customer service levels found that the average call waiting time has passed 23 minutes. It also found that 44,000 customers were cut off without… Read more…

The government has commissioned an independent review of the Loan Charge. The Exchequer Secretary to the Treasury made a Written Ministerial Statement announcing that Ray McCann, a former President of the Chartered Institute of Taxation, would lead the review. The review will examine the barriers preventing those who are subject to the Loan Charge but… Read more…