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06 Jul 2023
HMRC has extended the voluntary national insurance contributions (NICs) deadline until April 2025.
HMRC is planning to close its self assessment tax helpline for three months over the summer to focus call centre resources on dealing with other problem calls.
A report published by the National Audit Office (NAO) has found that HMRC’s Making Tax Digital (MTD) initiative is expected to cost around £1 billion more than was forecast in 2016.
The UK’s rate of inflation plateaued at 8.7% in May, data published by the Office for National Statistics (ONS) has shown.
The Bank of England has raised UK interest rates to a 15-year high of 5% as it continues its battle against inflation.
Over 200 employers have been named by the government for failing to pay their lowest paid employees the minimum wage.
The Resolution Foundation think tank has called for the government to replace the initial post-Brexit trade plan with a ‘far more ambitious’ strategy to help protect Britain’s manufacturing firms and seek new markets for UK services firms.
The Institute of Directors (IoD) has urged the government to create an industrial strategy to help ‘define specific long-term priorities for the UK economy’.
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