The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.

HMRC has published the latest issue of the Employer Bulletin. The June issue has information on various topics, including:

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.

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.

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).