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HMRC advisory fuel rates for company car users from 1 September

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2021, increasing mileage rates by 1p or more for all petrol and diesel vehicles

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Stamp duty holiday not behind house price rise

The stamp duty land tax (SDLT) holiday is not behind the 13.2% rise in house prices over the last 12 months, claims research by the Resolution Foundation

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Taxpayers saved £30m inheritance tax bill by gifting

The most recent figures show that taxpayers saved £30m in inheritance tax (IHT) through gifting last year with many taking advantage of the £3,000 annual gift allowance

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1.8 million couples claim marriage allowance

Nearly 1.8 million married couples and those in civil partnerships have signed up for the marriage allowance to save up to £252 a year in income tax

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Employers ‘named and shamed’ for paying less than minimum wage

The government has named and shamed 191 employers who have underpaid workers, including major household names, as companies failed to pay £2.1m to over 34,000 workers due the national minimum wage

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Beware unexpected tax liabilities on cryptocurrency investments

It is reputed that 1 in 10 people in the UK have now invested in cryptocurrency, to a greater or lesser degree. What many may not appreciate however, is that each and every transaction is relevant to their Capital Gains Tax (CGT) position.

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Pension freedom age will rise to 57 for tax free withdrawals

The government has confirmed that it will proceed with plans to increase the normal minimum pension age (NMPA) from 55 to 57 years, marking the age they can access their pension pots tax free

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One week left to renew for 300,000 tax credits customers

More than 300,000 tax credits customers have just over one week to renew their claims before the 31 July deadline, HM Revenue and Customs (HMRC) has warned

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HMRC reveals drop in buy-to-let tax disclosures

Thousands of landlords have failed to come clean about the tax they owed to HMRC as 42% fewer property investors voluntarily disclosed unpaid tax to HMRC in the latest tax year

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Recent tax changes UK property investors need to know

A number of changes to tax rules have added to compliance requirements for property owners and increased tax bills.

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National Minimum Wage rate reminder for summer staff

Students and seasonal staff are being reminded by HM Revenue and Customs (HMRC) to check that they are being paid the National Minimum Wage (NMW).

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CBI warns of ‘perfect storm’ of staff shortages

UK businesses face a 'perfect storm' of factors causing staff shortages, the Confederation of British Industry (CBI) has warned

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HMRC help towards cost of children’s summer holiday activities

HM Revenue and Customs (HMRC) is reminding working families that they can use Tax-Free Childcare to help pay for their childcare costs over the summer.

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G7 announces global tax agreement

The G7's finance ministers have announced a historic international agreement on global tax reform.

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OTS considers moving tax year end

The Office of Tax Simplification (OTS) is set to explore the benefits, costs and wider implications of changing the date of the end of the tax year for individuals.

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Furlough numbers fall to their lowest level this year

Furlough numbers have fallen to their lowest level this year, according to official statistics published by HMRC

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HMRC advisory fuel rates for company car users from 1 June (2)

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2021, increasing mileage rates by 1p for all petrol vehicles

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HMRC clarifies VAT position on electric vehicle recharging

HMRC has confirmed that VAT is chargeable at the standard rate for electric vehicles when using charging points situated in public places

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Finance Bill outlines amendments to super-deduction

The government has tabled amendments to the capital allowances super-deduction in Finance Bill 2021.

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HMRC urge businesses to carry out due diligence into their labour supply chain

HMRC is warning organisations about the use of mini umbrella companies in the labour supply chain and the need to carry out due diligence to protect the organisation from financial and reputational damage.

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