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UK tax system 'discourages employment and investment', IFS suggests
HMRC waives self assessment penalties for a month
LITRG calls for rise in High Income Child Benefit Charge threshold
Nine million people borrowed more in 2020 as result of COVID-19 pandemic
One in three blocked from paying with cash during pandemic
Big businesses must pay small suppliers more quickly under changes to PPC
CBI urges government to 'act on COVID business support' ahead of Budget
Supreme Court backs small firms on business interruption claims
COVID-19 is reasonable excuse for self assessment late filing, says HMRC
Taxpayers using Time to Pay to spread cost of tax payments
Monthly deadline approaching for furlough claims
ICAEW calls for further guidance on CIS changes
HMRC issues self assessment scam warning
Pandemic drives dramatic increase in SME borrowing
HMRC reveals 2,700 tax returns submitted on Christmas Day
Business groups urge Chancellor to do more to support firms
Chancellor unveils £4.6 billion lockdown grant package
TUC urges employers to offer furlough to parents affected by school closures

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27 Jan 2021

UK tax system 'discourages employment and investment', IFS suggests

The Institute for Fiscal Studies (IFS) has suggested that the current UK tax system discourages employment, investment and corporate risk-taking and needs reform.