BOE advises government on inflation hike to 5.1%
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/12/000a8646-4090-4619-8281-9448c178e977.jpg)
The current Governor of the Bank of England, Andrew Bailey, has written to the Chancellor of the Exchequer, Rishi Sunak. The letter was dated 16 December 2021 and has been uploaded to GOV.UK. The
The judgement in HMRC v Tooth
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/12/7002f221-33df-4444-8c32-127807bbc1aa.jpg)
A recent Supreme Court decision examined in some detail HMRC’s powers in relation to issuing a discovery assessment. HMRC generally use discovery assessments where the statutory time limit for looking
Plug-in grants for electric vehicles
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/12/53a24e8d-5ce8-4697-aa4c-2d11c4d678ba.jpg)
The low-emission vehicles plug-in grant can help you save up to £2,500 on the purchase price of new low-emission vehicles. The scheme was first launched in 2011 and is available across the UK with
Government agrees OTS recommendations
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/12/5645b682-b851-4923-a7dd-117eb0b9cc2d.jpg)
The Office of Tax Simplification (OTS) was established in July 2010, to provide advice to the Chancellor of the Exchequer on simplifying the UK tax system. The Financial Secretary to the Treasury has
Steps to modernise UK tax system
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/12/02367c34-4695-44dd-8ad6-2855ea3101da.jpg)
At the Autumn Budget 2021, it was announced that there would be a dedicated day this Autumn where the government would set out further plans to continue building a modern, simple and effective tax
New warnings from HMRC re tax fraudsters
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/11/b78ff857-eb9b-4f34-bedf-2a5293d79c58.jpg)
Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January 2022 deadline for submission of Self-Assessment returns. In fact, over the last year, HMRC received nearly
If clients ask – trading hours for retailers
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/11/a4464d8f-d108-4a9a-a8d8-ad8098b7928f.jpg)
There are special rules that govern the trading hours that certain retailers must follow on a Sunday. These rules are defined in the Sunday Trading Act 1994 and apply to shops in England and Wales.
Vehicles exempt from Vehicle Excise Duty
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/11/7bf4873e-def7-4261-8143-18b0debddb50.jpg)
Vehicle Excise Duty (VED), also commonly referred to as vehicle tax, is an annual tax levied on owners of most cars, vans, motorcycles, and holders of motorcycle trade licences.
There are certain VED
Vehicles eligible for a plug-in grant
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/11/130d067b-0c44-463f-8ff2-a8bb52daa59c.jpg)
The low-emission vehicles plug-in grant can help you save up to £2,500 on the purchase price of new low-emission vehicles. The scheme was first launched in 2011 and is available across the UK with
Transport restrictions eased
![](https://oxonaccountancy.co.uk/wp-content/uploads/2021/10/8a2c0520-a341-4d0b-afd9-72abe038042e.jpg)
The government has announced plans to introduce a temporary extension to road haulage cabotage rules to alleviate pressures with the supply chain due to lorry driver shortages and other global supply