IFS: UK tax system ‘discourages employment’
Employees’ salaries currently attract more in tax than self-employed individuals.
Read more »Firms call for urgent action to reduce unemployment
Unemployment increased to 5% in the three months to November 2020.
Read more »HMRC waives penalties for late-filed tax returns
Fines to kick in after 28 February 2021.
Read more »Nine million people increased borrowing in 2020
The proportion of borrowing £1,000 or more increased to 45%.
Read more »Millions to face fines if self-assessment tax return deadline missed
Taxpayers could face fines totalling to £250 million.
Read more »Big businesses to reduce payment times to small suppliers
50,000 small firms close every year due to late payments.
Read more »Govt. reveals over 1.4m loans given to UK firms
The loans are part of the £280bn support package.
Read more »Small firms get COVID-19 insurance boost
Around £1.8bn is expected to be paid out in claims.
Read more »BCC calls for business rates relief extension
Govt. should 'extend relief for the whole of 2021'.
Read more ȣ69.1m deferred through time-to-pay scheme
Over 25,000 taxpayers rush to spread payments.
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