News Archive > 2017 > January

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Wales set to receive income tax powers in 2019

In a devolutionary deal similar to the one granted to the Scottish government, the Welsh government has been given new powers to set its own rates of income tax from April 2019, as part of an arrangement with the UK Treasury.

Thousands of tax returns filed over festive period, HMRC reveals

HM Revenue & Customs (HMRC) has revealed that thousands of taxpayers submitted their self assessment tax returns online over the festive period.

Significant rise in business confidence, BCC reveals

Business confidence in the UK rose during the last quarter of 2016, research from the British Chambers of Commerce (BCC) has revealed.

Gender pay gap ‘halves’ for women in their 20s, research suggests

The gender pay gap for women in their 20s has halved to 5%, research published by the Resolution Foundation has suggested.

Younger generations to inherit ‘more than predecessors’, research suggests

Younger generations are set to inherit more money than previous generations, according to research published by the Institute for Fiscal Studies (IFS).

Business groups react to Prime Minister’s Brexit speech

Business groups have given their reactions to Prime Minister Theresa May’s recent speech in which she set out the government’s approach to negotiating the UK’s exit from the EU.

MPs call for more extensive Making Tax Digital pilots

In a report on the government’s plans for the landmark new digital tax initiative, the Treasury Select Committee has urged HM Revenue & Customs (HMRC) to implement a series of wide-ranging pilots in order to better test the scheme before it becomes compulsory for the majority of taxpayers.

Employees spend £1,000 per year on workplace expenses, study suggests

A study carried out by building society Nationwide has suggested that workers spend around £1,000 a year on workplace expenses such as birthday gifts, tea and coffee and social functions.

Prime Minister outlines plans for new industrial strategy

Prime Minister Theresa May has outlined proposals for the government’s new industrial strategy, which is designed to provide a boost to the UK economy.

Government must ‘change way tax and budget decisions are made’, report urges

In a recently published report, the Institute for Fiscal Studies (IFS), the Chartered Institute of Taxation (CIOT) and the Institute for Government (IfG) have called for the government to change the way it makes tax and budget decisions.

Thousands of grandparents ‘missing out’ on National Insurance credits

Former Pensions Minister, Sir Steve Webb, has said that tens of thousands of grandparents are missing out on National Insurance (NI) credits, which could be worth more than £230 a year when they retire.

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