HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MOREUK delays consultation on reform to flawed inflation measure
Britain’s government will delay until after March’s budget a consultation to decide when it should fix a flawed measure of inflation, the retail price index, finance minister Sajid Javid said.
More than a quarter of British government bonds, worth around 450 billion pounds ($584 billion), are linked to the Retail Prices Index (RPI) which runs higher than other measures of inflation, meaning investors receive an estimated windfall of 1 billion pounds a year.
Read more at Reuters.
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NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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