October 2024 eNEWS

Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help.

IPSE calls for fairer off-payroll rules in Budget The Chancellor should use her Autumn Budget to make off-payroll working rules 'fairer and more effective', according to the Association of Independent Professionals and the Self-Employed (IPSE). Click here for the full story

Billion-pound tax bombshell to hit hospitality, warns trade body The end of business rates relief will sting hospitality with a ￡928 million bill in April unless the government acts in the Budget, warns UKHospitality. Click here for the full story

Reforms to IHT, CGT and NI 'could raise over ￡20 billion a year' The Resolution Foundation has suggested that reforms to inheritance tax (IHT), capital gains tax (CGT) and national insurance (NI) could raise more than ￡20 billion a year. Click here for the full story

Government announces apprenticeship reforms The government has announced an overhaul of the UK's apprenticeship system. Click here for the full story

HMRC urged to take action to defuse side hustle time bomb HMRC has been urged to defuse a tax bombshell threatening online traders, by the Low Incomes Tax Reform Group (LITRG). Click here for the full story

￡5.5 billion lost as a result of tax evasion An estimated ￡5.5 billion was lost due to tax evasion during 2022/23, according to a report published by the National Audit Office (NAO). Click here for the full story

Young people reminded to reclaim government savings Over half a million young people are yet to lay claim to Child Trust Funds worth an average of ￡2,212, HMRC has said. Click here for the full story

Government cracks down on late payments The government has announced a crackdown on late payments to small businesses and the self-employed. Click here for the full story

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