The National Audit Office (NAO) have published 'Managing tax compliance following the pandemic'. This report considers how well-placed HMRC is to manage its compliance work, its understanding of its compliance performance and whether it has a clear vision to manage the risks post-COVID.
SME Tax News
The Chancellor, Jeremy Hunt, announced in a statement made on 19 December 2022 that the 2023 Spring Budget will be held on 15 March 2023.
HM Treasury has published ‘Anti-money laundering and countering the financing of terrorism: Supervision Report 2020-22’ which details supervisory and enforcement data over two years, including the number and value, of fines issued.
HM Treasury (HMT) has recently published its annual update as a signatory to the Women in Finance Charter and its annual Gender Pay Gap Report. It notes that while it now has achieved gender parity in terms of the numbers of men and women in senior management, in terms of pay, lower-paid women are over-represented across lower grades which has increased its gender pay gap.
Following the Bank of England’s announcement on 15 December 2022 that the base rate would rise to 3.5%, HMRC interest rates will also increase by 0.5%, to 6% for late payment interest and 2.5% for repayment interest, from 6 January 2023.
The Welsh Government have issued a consultation, 'Statutory licensing scheme for all visitor accommodation providers in Wales' in order to collate views on how a new licencing scheme should be implemented.
The Financial Secretary to the Treasury, Fiona Atkins has issued a ministerial statement confirming the postponement of Making Tax Digital for Income Tax until 2026.
Scottish Deputy First Minister John Swinney announced the draft Scottish Budget for 2023-24 on 15 December 2022.
Hello,
There was a Welsh Budget earlier this week and later today a Scottish one too, there are more calls to postpone Making Tax Digital for Income Tax Self Assessment (MTD ITSA) for another year, and HMRC change their guidance on employer Group Income Protection medical cover.
The Welsh Government released their Draft Budget 2023 to 2024 on 13 December 2022.