Johnson Murkett & Hurst

• Online VAT filing portal to close in May
  HMRC has reminded businesses that file VAT returns annually that the online VAT filing portal will close from 15 May 2023. The VAT portal closed to standard quarterly filers on 7 November 2022, but was kept open for a longer period for those who file annual returns. In emails to businesses and tax agents, HMRC urged all VAT registered businesses to use Making Tax Digital for VAT......read more
• UK inflation falls to 10.1% in March
  UK inflation has dropped, but remains in double-digit levels, as the cost-of-living crisis eased slightly in March. The annual consumer prices index dropped to 10.1% in March, down from 10.4% in February, the Office for National Statistics (ONS) reported. It was widely expected to fall below 10%, but food prices remained stubbornly high, rising at their fastest rate in 45 years......read more
• Tax threshold freeze trebles to £25 billion
  Research carried out by think tank the Resolution Foundation has suggested that the size of the UK's six-year 'stealth tax' threshold freeze has nearly trebled to £25 billion. The figure is significantly higher than the previous forecast of £9 billion announced during the 2021 Budget.......read more
• PAC criticises government for billions lost to error and fraud
  The Public Accounts Committee (PAC) has criticised the government for losing billions of taxpayers’ money to fraud and error in pandemic support. The Department for Business and Trade (DBT) is ‘effectively writing off’ nearly £1 billion paid out erroneously by local authorities on its behalf in pandemic support.......read more
• No sign of hiring difficulties easing, says BCC
  Businesses are still facing major difficulties in hiring new staff, according to a survey conducted by the British Chambers of Commerce (BCC). The latest Quarterly Recruitment Outlook (QRO), a survey of more than 5,000 UK firms, found that 80% of those attempting to recruit have faced challenges......read more
• £177.6 million lost to impersonation scams in 2022
  £177.6 million was lost to impersonation scams in 2022, data published by trade association UK Finance has revealed. The data showed that there were 45,367 cases of impersonation scams in 2022. It also revealed that just 51% of individuals always check whether a request for personal data or money is legitimate......read more
• Workers must be protected from decisions made by AI, TUC says
  The Trades Union Congress (TUC) has stated that UK employees must be protected from workplace decisions made by artificial intelligence (AI) systems. The TUC warned that, in some instances, AI technology is making 'life-changing' decisions, including those in relation to line managing, hiring and firing.......read more
• Latest guidance for employers
  HMRC has published the latest issue of the Employer Bulletin. The April issue has information on various topics, including.......read more

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