Government Announcements

Spotlight - Government Announcements

Less than one in five tax underpayments due to HMRC

Only about 20 per cent of taxpayers who have already received or will get letters informing them that they have underpaid their tax through the PAYE system will have the sums written off.

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Uncapped fees rather than graduate tax for students

Universities should be allowed to set their own fees for students, Lord Browne’s review of higher education funding has proposed.

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Health and safety rules stifling businesses

The government’s review of the UK’s health and safety laws needs to concentrate on removing administrative barriers to enterprise and business growth, according to the Forum of Private Business.

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Spending review looms

Spending reviews have been part of the governmental landscape since the late 1990s, but none have garnered quite the anticipation of the one which the Coalition government is to deliver on 20 October.

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Firms yet to face up to impact of cuts

Businesses are failing to appreciate the likely effects of the cuts in public expenditure to be announced in the forthcoming spending review.

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Call for more competitive corporation tax

A leading business group has argued that the UK’s tax system must be made more competitive in order to keep and attract firms.

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Marriage tax break may help balance loss of child benefits

There has been speculation that the government may reinstate tax breaks for more married couples as a way of offsetting plans to scrap child benefit payments for higher earners.

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Growth plans required as well as cuts

Business groups have emphasised that cuts in government spending are not enough by themselves to encourage economic recovery.

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PAYE reforms will need time and money

Government plans to introduce far-reaching changes to the PAYE system are worth exploring, the Chartered Institute of Taxation (CIOT) has said, but will involve substantial amounts of time, money and attention to detail if they are to work.

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HMRC to stop sending out NIC cards

As part of its cost saving programme, HM Revenue and Customs (HMRC) has announced that it is to stop issuing plastic national insurance cards.

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