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UP TO 10,000 UKRAINIANS ARE …….

Up to 10,000 Ukrainians are being offered free English language lessons in a bid to improve their job prospects in the UK.

STUDENT LOAN INTEREST RATE UP TO?

Student loan interest rate up to 7.3% – maximum Plan 2, Plan 5 and postgraduate loan interest rate 7.3% between 1 Sept and 30 Nov 2023, then could rise by RPI plus 3% but yet to be confirmed

TAX-FREE CHILDCARE COST …?

Tax-free childcare cost £53.6m in June but still an estimated 800k not applying for support which gives £2 for every £8 spent

HMRC TARGETS OVERSEAS PROPERTY

HMRC targets overseas property landlords in latest tax avoidance clampdown telling them to pay outstanding #tax ‘If we find that you have not told us everything, we’ll view this very seriously… may open an investigation’

INFLATION FALLS SHARPLY TO…

Inflation falls sharply to 6.8% – The current rate of inflation has fallen to 6.8% in July, down from 7.9% in June, largely as a result in lower energy costs

ONE IN SMEs …..

One in 10 SMEs face average £45k in overdue tax – Corporation tax and VAT are the biggest tax headaches for SMEs with more than 550,000 struggling to pay tax bills

HOW TO CORRECT PAYROLL MISTAKES FOR AN EARLIR TAX YEAR

How to correct payroll mistakes for an earlier #tax year – if wrong pay or deductions were reported, employers can correct by submitting another full payment submission (FPS) with the correct year to date figures #HMRC

UK ECONOMY SEES 0.2% GROWTH IN Q2

UK economy sees 0.2% growth in Q2 – The UK economy expanded by 0.2% in the second quarter and by 0.5% in June, according to data from the Office for National Statistics (ONS)

IT COMPANY LOSES…

IT company loses £167m diverted profits tax case – The Upper Tribunal has refused an application to force HMRC to disclose reasons for issuing charging notices related to a diverted profits tax bill for £167m

HOMEOWNER LOSES £83k SDLT APPEAL

Homeowner loses £83k SDLT appeal – HMRC has won a First Tier Tribunal (FTT) appeal over a disputed stamp duty land tax (SDLT) bill related to whether the property was residential or not