UK Housing Market Witnesses Steepest Annual Price Drop in 14 Years
Amidst a 14-year record drop in UK house prices and market volatility, experts cautiously anticipate a potential softer landing and improved prospects for stability in the property market.
UK to Double Second-Home Owners’ Taxes for Affordable Housing Boost
UK government mulls increasing property taxes on second homes to fund affordable housing, sparking debate amid the nation's housing crisis.
£1.7 Billion Unclaimed in Child Trust Funds
Child Trust Funds worth £1.7 billion remain unclaimed, hindering financial support for nearly a million young adults, sparking urgent calls for proactive measures and improved accessibility.
UK Landlords Favour Selling Over Investing in EPC Upgrades
UK landlords' hesitance to invest in energy-efficient upgrades, preferring property sale over green improvements, presents obstacles to government initiatives for long-term energy efficiency in rentals.
Experts Respond to UK Inflation Drop to 7.9% in June
UK inflation has dropped to 7.9%, down from 8.7%, providing a glimmer of hope but still exceeding the Bank of England's target. Experts express cautious optimism, emphasizing the need for a delicate balance to prevent economic challenges amid persistently high...
Fraudulent R&D Tax Relief Claims Account for 20% of Total Claims
Fraudulent R&D tax relief claims have surged to £1.13 billion, prompting HMRC to freeze claims from smaller businesses. The government's compliance approach includes increased staffing, improved guidance, and changes to the claim process to address non-compliance in R&D tax reliefs.
Tax Revenue from Savings Triples, Reaching £3.4 Billion
Rising interest rates and a frozen personal savings allowance contribute to a significant surge in tax charges on savings, prompting calls for ending the allowance freeze to alleviate the burden on responsible savers.
HMRC Plans 30% Reduction in Phone Line Access
HMRC's strategy to decrease phone-based assistance by 30% within two years aims to adapt to growing demand and resource constraints, promoting online services for more efficient and specialised taxpayer support.
£3.6m Company Car Tax Appeal Won Against HMRC
The article highlights a recent Upper Tribunal judgment favoring construction companies, Laing O’Rourke Services Limited and Willmott Dixon Holdings Limited, in a dispute over National Insurance Contributions (NICs) repayment for specific car allowances. Laing's appeal was allowed, HMRC's was dismissed,...
By using this website, you agree to our use of cookies to enhance your experience.
For more information, please see our Cookie Policy.
Close