The government has launched the UK Business Climate Hub to offer firms advice and support on reducing their energy bills and cutting their carbon emissions. The Hub includes a free carbon calculator and a suite of new tools to help businesses measure, track and report on their emissions. It also offers detailed advice on topics, including sourcing products from green supplier ...
Another million savers to be hit with tax on interest
The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell. In the 2023/24 tax year it is estimated that over 2.7 million individuals will pay tax on interest, up by a million in a year. This year's predicted total includes nearly 1.4 ...
Annual Tax on Enveloped Dwellings
Annual Tax on Enveloped Dwellings (ATED) is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000. You’ll need to complete an ATED return if your property: is a dwelling — find out the meaning of ‘dwelling’ in the next section is in the UK was valued at more than: £2 million (for returns from 2013 to 2014 onwards) £1 m ...
HMRC should increase rewards for whistleblowers, says law firm
HMRC should increase the rewards it pays out to whistleblowers in line with the US system, according to law firm RPC. The tax authority paid out over £509,000 to individuals providing evidence about tax fraud over the past year, RPC's research found. That figure is up from £495,000 in 2021/22 and a 75% increase from the £290,000 paid five years ago, the law firm added. Howev ...