News.
Industry reacts to Autumn Statement 2022
Tax hikes announced to fill ‘fiscal black hole’.CPI rises to highest level in 40 years
Rising energy costs considered to be the main contributor.Real-terms pay continues to fall
Soaring inflation affects real-terms pay, despite record wage increases.HMRC changes profit assessment rules
Affected businesses will see a change in how they complete their returns.CGT incorrectly calculated by HMRC service
Faulty service leads to non-residents paying the wrong amount of tax.Nearly one in four over 40s have no pension
Figures show 16% of people aged 40 to 75 haven’t saved for retirement.Online payment plans help self-assessment customers
Almost 21,600 customers are paying their tax bill in monthly instalments.Tax hikes rumoured for the Autumn Statement
The delayed announcement will take place on 17 November.OTS addresses complications for landlords
Accountants welcome proposals for tax rule simplification.HMRC raises interest on tax debt
Late payment interest rising in line with Bank of England base rate.
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