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 high earners stung for more tax than European counterparts
The UK has lost the top spot as one of Europe’s low-tax jurisdictions, with top earners now paying 3% more tax than the European average.
Individuals earning £200,750 a year in the UK pay on average nearly £3,000 more than Europeans earning the same salary, with UK taxpayers shelling out £83,300 in tax, compared with an average of £80,600 in tax and social security contributions across European countries, according to analysis by UHY International.
Read more at the Accountancy Daily.
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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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