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Filter bySort byAdvisory fuel rates for company carsPosted on: 4th March 2024New company car advisory fuel rates have been published and took effect from 1 March 2024. The guidance states: 'you can use the previous rates for up to one month from the date the new…Government borrowing falls as Chancellor hints at tax cuts in Spring BudgetPosted on: 6th February 2024Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget. The Office for National Statistics (ONS) data…Tax cuts may have to be scrapped due to ‘economic bind’, warns IFSPosted on: 6th February 2024Tax cut promises may need to be scrapped as a result of the UK being in an 'unfortunate economic and fiscal bind', the Institute for Fiscal Studies (IFS) has warned. The next government is likely…HMRC sends warning to cryptoasset usersPosted on: 6th February 2024As the use of cryptoassets continues to grow HMRC is warning people to check if they need to complete a self assessment tax return for the 2022/23 tax year to avoid potential penalties. Anyone with…Raise VAT threshold to £100,000, says FSBPosted on: 6th February 2024The government should raise the turnover threshold for VAT from £85,000 to £100,000, according to the Federation of Small Businesses (FSB). The business group said that this would give firms stepping into the VAT-paying ring…
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