New legal minimum wage comes into force from today, Government confirms
Apr 01, 2021
The new minimum rate of pay for workers in England comes into force today, 01 April 2021, it has been confirmed. According to the Government, around two million of the UK’s lowest-paid workers will benefit from the rise in the National ...
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Could the current tax payment timings change?
Mar 30, 2021
Millions of taxpayers in the UK could face earlier tax payments as part of the Government’s 10-year strategy to build a “trusted, modern tax administration system”. Due to the challenges of the current tax-payment timings, it is considering bringing tax payments ...
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Government to crack down on rogue tax advisers
Mar 26, 2021
Accountants who provide tax advice may be required to hold professional indemnity insurance (PII) under new laws proposed this week. The plans come after concerns that rogue tax advisors were often giving incorrect or incomplete advice without a route to redress, ...
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COVID vaccination success provides businesses with confidence
Mar 22, 2021
The success of the COVID vaccination programme helped to instil confidence within many UK businesses once more. A survey revealed that the number of confident firms is at its highest level since 2018. More than 65 per cent of companies are ...
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Increasing number of taxpayers targeted with threatening tax scams, HMRC warns
Mar 18, 2021
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned. The warning comes after a significant number of “concerned individuals” contacted the offices of HM Courts and Tribunals Service (HMCTS) ...
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National Living Wage and National Minimum Wage rates to increase from 1 April
Mar 16, 2021
The Government is pressing ahead with plans to increase the rates of the National Living Wage (NLW) and the National Minimum Wage (NMW) from 1 April 2021, while people aged 23 and 24 will be entitled to the National Living ...
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Future Fund: Breakthrough to launch in summer 2021
Mar 16, 2021
The Future Fund: Breakthrough scheme, which is replacing the closed (to new applications) Future Fund scheme, will open in the UK around the start of summer. According to recent figures, the Future Fund presented more than £1.1 billion in adaptable loans ...
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Newly self-employed asked to complete pre-verification checks before applying for fourth SEISS grant
Mar 11, 2021
Newly self-employed taxpayers may be required to undergo pre-verification checks before they can access the fourth self-employment income support (SEISS) grant, it has been revealed. HM Revenue & Customs (HMRC) wrote to over 100,000 businesses this week informing them about the ...
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Gender pay gap – what does this mean for pensions?
Mar 08, 2021
Research suggests that the average woman in her twenties today will retire with £100,000 less in her pension than her male peers. If women want to close their gender pay gap, experts say they have to work around an extra 40 ...
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Budget 2021
Mar 03, 2021
In the year since the Chancellor, Rishi Sunak, delivered his first Budget to a packed Commons chamber in March 2020, more than 135,000 people in the UK have died from Coronavirus, there have been three national lockdowns, ...
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