HMRC has increased the late payment rate from 3% to 3.25%, while the repayment rate remains frozen at 0.5% Tom Selby, a senior analyst at investment platform AJ Bell thought that this was “grossly unfair”, commenting: “It seems grossly unfair for HMRC to increase the...
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Bank of England interest rates at highest level since 2009
The Bank of England has raised interest rates for only the second time in a decade. The increase was from 0.5% to 0.75%. The quarter of a percentage point rise sets the rate at its highest level since March 2009. The rise in the interest rate will no doubt increase...
Cryptocurrency fraud: £2 million lost in two months
Data that has been published by Action Fraud revealed that £2 million was lost due to cryptocurrency scams between June and July this year. Action Fraud stated that criminals are continuing to use social media platforms and even cold calling people in order to...
HMRC publish further information on Making Tax Digital (MTD).
HMRC have released further information on Making Tax Digital (MTD) in the run up to the introduction of MTD for VAT in April 2019. This includes a new HMRC VAT Notice providing some additional clarity for businesses and a list of software providers that have...
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HMRC increases late tax payment rate
HMRC has increased the late payment rate from 3% to 3.25%, while the repayment rate remains frozen at 0.5% Tom Selby, a senior analyst at investment platform AJ Bell thought that this was “grossly unfair”, commenting: “It seems grossly unfair for HMRC to increase the...
Bank of England interest rates at highest level since 2009
The Bank of England has raised interest rates for only the second time in a decade. The increase was from 0.5% to 0.75%. The quarter of a percentage point rise sets the rate at its highest level since March 2009. The rise in the interest rate will no doubt increase...
Cryptocurrency fraud: £2 million lost in two months
Data that has been published by Action Fraud revealed that £2 million was lost due to cryptocurrency scams between June and July this year. Action Fraud stated that criminals are continuing to use social media platforms and even cold calling people in order to...