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Speaking at Empowering Women in AI
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Advisory fuel rates for company cars
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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…
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Latest guidance for employers
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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…
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HMRC cuts late and repayment interest rates
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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…
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Businesses warn of National Insurance ‘powder keg’
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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…
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Tailored tax reliefs boost alcohol sector
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The government has introduced a package of support that it says will help the alcohol sector to grow. From 1 February, draught relief has increased to knock 1p off duty on draught products whilst small producer relief – a measure to encourage craft brewers to innovate – is becoming more generous. Together these tax cuts… Read more…
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Business tax compliance costs £15 billion a year
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An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO). HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the system plus investments in staff and IT.… Read more…
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Proposed HMRC powers to collect data on hours worked scrapped
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The government has stopped controversial plans to collect information about the exact hours worked by every employee in PAYE returns. The data collection on employee hours was meant to start from April 2026, but the plan has been scrapped as part of the government’s attempts to reduce red tape and regulatory burden for business. The… Read more…
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Government consults on mandatory e-invoicing
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The government has launched a consultation on plans for the rollout of electronic invoicing (e-invoicing) in the UK. The 12-week consultation is being jointly conducted by HMRC and the Department of Business and Trade (DBT) and will consider whether to make e-invoicing mandatory for businesses in the UK. E-invoicing is the digital exchange of invoice… Read more…
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