In evidence submitted to the Public Accounts Committee’s Progress with Making Tax Digital inquiry, contributors from across the accounting profession handed down a blistering verdict on the project, and HMRC’s ability to deliver on its new timeline. Find out more about what they said here.

After “a successful trial period”, HMRC has decided to extend its call time information messages to more of its helplines in a bid to give taxpayers and agents a better understanding of how long they can expect to be waiting on the phone. Find out more here.

Monthly GDP fell by 0.1% in May after growth of 0.2% in April, according to the Office for National Statistics (ONS), suggesting the economy remains on shaky ground. Read more about it here.

The Chartered Institute of Taxation (CIOT) is warning that HMRC’s efforts to tackle abuse of the R&D tax relief system are resulting in them rejecting legitimate claims and stone-walling others. Find out more here.

The VAT exemption for pharmacists has been extended to medical services carried out by supervised, non-registered staff as of 1 May. Details here.

The Institute of Chartered Accountants for England and Wales (ICAEW) is urging HMRC to rethink the quarterly reporting model for Making Tax Digital for income tax self-assessment (MTD for ITSA). Find out more about what the ICAEW thinks here.

Recent HMRC data shows that the Treasury collected £786.6 billion in taxes in 2022/23 – a 9.9% increase on last year's total of £715.3bn. More details here.

The Government has launched a consultation to modify the tax treatment of cryptoassets used in decentralised finance (DeFi) lending and staking transactions. Find out more in our latest article.

In our current financial climate it can be a little difficult to know how to invest your money wisely. Check out our latest article that covers some of the methods you can use to inflation-proof your investments.

As an employer, there are many ways you can reward and incentivise your staff, from Christmas parties to team lunches. But one of the most attractive options is an employee share scheme. Find out more in our latest article.

Expanding your property portfolio can help increase your financial security — but is now a good time to buy to let? Recent economic factors such as soaring mortgage rates and reduced tax relief could also negatively impact your profits as a landlord, so it’s essential to weigh up your options carefully. In this article, we’ll discuss the pros and cons of investing in buy to let in 2023.

Just weeks after announcing downloadable self-assessment returns would no longer be available online, HMRC has backtracked its decision. Find out more here in our article.

The Government has introduced a new bill to modernise business rates across the country. Following feedback from businesses calling for a fairer system, the new Non-Domestic Rating Bill, announced on 29 March, will support businesses by incentivising property investment and introducing more frequent valuations. Find out more here.

A new report from the Public Accounts Committee (PAC) warns that the "temporary" digital services tax (DST) could stay in place longer than planned. Find out more here.

HMRC has released guidance clarifying how it will phase in the abolition of the lifetime allowance (LTA) for pensions following it’s announcement by Chancellor Jeremy Hunt in his Spring Budget 2023. Find out more here.

In his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the Government’s plan for growth with changes to business tax legislation, a key policy being ‘full expensing’. But what did the Chancellor mean by ‘full expensing’, and how does the policy work?

The pension lifetime allowance (LTA), which limits the amount savers can contribute to their pensions without a tax charge, will be abolished, Chancellor Jeremy Hunt announced in his Spring Budget. Read more here.

The Government has extended the voluntary National Insurance deadline by an extra four months, meaning taxpayers now have until 31 July 2023 to make additional payments and help increase their state pension entitlement.

The finance sector is making strides in female representation, according to a new report from the Women in Finance charter. The report shows that the proportion of women in senior management roles across charter signatories rose to 35% in 2022.

In his first Spring Budget as Chancellor, Jeremy Hunt announced a number of ‘investment zones’ across the country. Find out details about what that really means.