Financial eNews

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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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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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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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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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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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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