
Thousands file tax returns on Christmas Day
More than 22,000 taxpayers went online over Christmas Eve, Christmas Day and Boxing Day to complete their Self-Assessment tax return.

More than 22,000 taxpayers went online over Christmas Eve, Christmas Day and Boxing Day to complete their Self-Assessment tax return.

With the busy Christmas period approaching, businesses operating in the hospitality and tourism sector will be dealing with increased demand.

Letters have been sent out to individuals listed as ‘Persons of Significant Control’ (PSC), urging them to check and, where necessary, correct their tax returns.

Under the Construction Industry Scheme (CIS), contractors take money from a subcontractor’s payments and send it to HM Revenue and Customs (HMRC).

An £884 million loan scheme for new businesses is to be expanded, it has been revealed.

The current cost of living crisis in the UK has already seen the economy decline, with customers saving money and consuming less.