Tax gap estimated at 5.3%
The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The June issue has information on various topics, including:
FCA in international crackdown on unlawful finfluencers
The Financial Conduct Authority (FCA) joined forces with eight international regulators for a week of action to combat the risks of finfluencers on social media.
Government introduces Pension Schemes Bill
The government has introduced the Pension Schemes Bill, which it says will make pensions easier to understand and manage as well as drive better value over the long term.
HMRC system attack is a timely reminder to keep personal data safe
Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals’ data and login details.
Government should take more strategic approach to tax policy, says CIOT
The government should take a more strategic approach to tax policy, consulting earlier and giving greater thought to the design of the tax system, says Nichola Ross Martin, President of the Chartered Institute of Taxation (CIOT).
UK government launches Industrial Strategy
The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.
HMRC names and shames over 500 employers for failing to pay NLW
SALT Deduction Cap Under OBBBA: Key Takeaways for High-Income Taxpayers and Pass-Through Entities