HMRC increases interest rates
The Bank of England’s Monetary Policy Committee (MPC) met on 21 June 2023 and voted 7-2 in favour of raising interest rates by 50 basis points to 5% to continue to tackle inflation. The 2 remaining
Duty free limits if you are travelling abroad
If you are travelling from outside the UK and arriving home in Great Britain (England, Wales and Scotland), you are allowed to bring back the following goods for your own use without any UK tax or
Check when to expect reply from HMRC
HMRC has a useful online tool to help agents and taxpayers know when they can expect to receive a reply from HMRC regarding a query or request that they have made. The online tool is updated
Passport delays and applications
A recent investigation by the House of Commons Committee of Public Accounts, in connection with the UK passport office, has found that hundreds of thousands of applicants faced unacceptable delays in
Complexity may be double-edged sword
There does seem to be a trend to replace human interactions with automated AI systems. This is especially evident in the management of our tax system.
There was a time, many years ago, when each
New patents service
The Intellectual Property Office (IPO) is the official UK government body responsible for intellectual property (IP) rights including patents, designs, trade marks and copyright.
The process of
Action to contain cost of living pressures – groceries
The Competition & Markets Authority has issued an update on the action it is taking to ease price rises in grocery bills. In their press release issued on 15 May 2023, the CMA said:
As cost of
HMRC interest rates increase again
The Bank of England’s Monetary Policy Committee (MPC) met on 10 May 2023 and voted 7-2 in favour of raising interest rates by 25 basis points to 4.5% in a move to try and continue to tackle continued
Simplified tax system for savers
The government has announced a number of new measures to help millions of people boost their future savings. One of these measures is a simplification of the Help to Save scheme.
The Help to Save
New Bill to crack down on online fraud
New legislation aimed at cracking down on rip-offs, protecting consumer cash online and boosting competition in digital markets has been published.
The new far-reaching Bill will have the following
