HMRC has announced a five-month delay to the introduction of the domestic VAT reverse charge for construction services, due to the impact of the coronavirus (COVID-19) pandemic on the sector. The change will now apply from 1 March 2021 and will overhaul the way VAT is payable on building and construction invoices as part of […]

Research carried out by the Trades Union Congress (TUC) has suggested that women are more likely than men to be on low pay. The research showed that of an estimated 9.8 million key workers, almost two thirds are women, with 2.6 million female key workers earning less than £10 an hour, according to the TUC. […]

The Public Accounts Committee (PAC) has opened an inquiry into the UK’s management of £155 billion of tax reliefs. The inquiry follows the February publication of a National Audit Office (NAO) report that identified over 300 such tax interventions, totalling £155 billion per year. The NAO raised concerns about the effectiveness of management of tax […]

Data published by the Office for National Statistics (ONS) has revealed that government borrowing reached a record high of £62 billion in April following heavy spending as a result of the coronavirus (COVID-19) pandemic. The deficit was larger in April than forecast for the whole of 2020 at the time of the Budget. The data […]

A million self-employed workers whose income has been hit by the coronavirus (COVID-19) pandemic made 440,000 applications for government grants during the first 48 hours of the scheme being open. In total, claims of over £1.3 billion were made by 440,000 individuals through the Self-employment Income Support Scheme (SEISS) on 13 May, according to the […]

HMRC has updated the process for acquiring a Government Gateway ID for its Self-employment Income Support Scheme (SEISS). The Revenue stated that it has changed the process by which it allows taxpayers to create Government Gateway IDs in order to avoid delays. HMRC is advising individuals who need to create a Government Gateway ID to […]