Johnson Murkett & Hurst

• Inflation falls to 6.8% in July
  The UK's annual inflation rate fell to 6.8% in July, down from 7.9% in June, according to the latest data from the Office of National Statistics (ONS). It is the smallest increase in the cost of living since February 2022.........read more
• UK set for five years of lost economic growth, warns think tank
  The UK is set for five years of lost economic growth, according to research from think tank the National Institute for Economic and Social Research (NIESR). The NIESR said the series of shocks from Brexit, Covid and Russia's invasion of Ukraine had badly affected the economy.........read more
• Over a third of households across England will pay higher energy bills this winter
  More than a third of English households will see higher energy bills this winter than they did last winter, according to research published by the Resolution Foundation. Almost half of those hit by the higher bills will be in the poorest tenth of households, the report said.........read more
• HMRC should increase rewards for whistleblowers, says law firm
  HMRC should increase the rewards it pays out to whistleblowers in line with the US system, according to law firm RPC. The tax authority paid out over £509,000 to individuals providing evidence about tax fraud over the past year, RPC's research found.........read more
• Another million savers to be hit with tax on interest
  The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell. In the 2023/24 tax year it is estimated that over 2.7 million individuals will pay tax on interest, up by a million in a year.........read more
• Government launches Business Climate Hub
  The government has launched the UK Business Climate Hub to offer firms advice and support on reducing their energy bills and cutting their carbon emissions. The Hub includes a free carbon calculator and a suite of new tools to help businesses measure, track and report on their emissions.........read more
• Latest guidance for employers
  HMRC has published the latest issue of the Employer Bulletin. The August issue has information on various topics, including: tax relief on employee contributions to registered pension schemes, ceasing your PAYE scheme, the National Minimum Wage and more........read more
• Advisory fuel rates for company cars
  New company car advisory fuel rates have been published and took effect from 1 September 2023. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or after 1 September 2023 are........read more

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