Around 24 million people are to receive a personal tax statement from HM Revenue & Customs (HMRC), setting out how much tax they paid in 2013-14 and how it contributed to public expenditure.
The current system of business rates is not fit for purpose and needs to be fundamentally reformed, says an influential committee of MPs. In a report issued on 4 March, the Business, Innovation and Skills Committee called for a wholesale … Continue reading
More than 30,000 responses have flooded in to a government consultation on zero hours contracts. The 12-week consultation, launched last December, focused on the two key issues of exclusivity in employment contracts and lack of transparency for employees.
More than 70,000 employers have been warned that they face penalties unless they submit employees’ Pay As You Earn (PAYE) information in real time. Employers who have never used the new Real Time Information (RTI) system to file PAYE returns … Continue reading
Major current account providers have signed up to an agreement that will give customers their account data in a simple, standardised format that can be used in comparison sites for the first time. The agreement, brokered by HM Treasury and … Continue reading