Welcome to the monthly newswire from Moore Green, designed to keep you informed of the latest business and tax issues.
Moore Green are there to help, so please contact them if you have any questions. Remember, we're here to help.
UK rate of inflation fell sharply in April
The UK rate of inflation fell to 8.7% in April from 10.1% in March.
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Don't miss out on a tax refund for work expenses, HMRC urges
HMRC is reminding employed workers they can claim a refund on work-related expenses on the GOV.UK website.
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Number of early self assessment filers doubles in five years
The number of self assessment taxpayers filing their tax return on the first day of the tax year has more than doubled since 2018, HMRC has revealed.
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HMRC increases late payment interest rate
Following the Bank of England's latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.
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'Fresh thinking' needed in regard to MTD for ITSA
The Institute of Chartered Accountants in England and Wales (ICAEW) has written to HMRC regarding how Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) can be better shaped to suit the needs of small property businesses and the self-employed.
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One in five workers will be higher rate taxpayers by 2027, says IFS
The number of people paying income tax at 40% or above will reach 7.8 million by 2027/28, according to research published by the Institute for Fiscal Studies (IFS).
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Energy suppliers urged to renegotiate fixed contracts for small businesses
The Federation of Small Businesses (FSB) has urged energy suppliers to renegotiate fixed contracts for small firms on market-peak tariffs.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2023.
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