HMRC introduces new system to tackle scam phone calls

HMRC has introduced a new system designed to prevent criminals from spoofing government helpline phone numbers. According to HMRC, criminals often use ‘official’ helpline numbers to convince taxpayers to depart with large sums of money. In 2018, HMRC received 104,774 reports of so-called ‘phone scams’ – a significant rise when compared to 2017’s figure of [&hellip
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Research suggests data protection fines have ‘risen by 14% in a year’

Research carried out by law firm RPC has suggested that the average data protection fine levied by the Information Commissioner’s Office (ICO) has risen by 14% in the year since the introduction of the General Data Protection Regulation (GDPR). The GDPR came into effect on 25 May 2018, placing additional obligations on businesses in regard [&hellip
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Investment Association calls for ‘greater transparency’ on dividends

The Investment Association (IA) is urging businesses to ‘improve the transparency of their approach to paying dividends’. According to the IA, companies not seeking a shareholder vote on dividend payments ‘risk depriving shareholders of the opportunity to have a say on a matter that is pivotal to the organisation’s attractiveness to investors’. The IA has [&hellip
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MPs urge government to make ‘radical improvements’ to apprenticeship programme

MPs have urged the government to make ‘radical improvements’ to its apprenticeship programme, after finding that small employers are ‘missing out’ on the benefits associated with apprenticeships. In a new report, the Public Accounts Committee (PAC) revealed that the number of apprenticeship starts fell by 26% following the introduction of the Apprenticeship Levy. The Committee [&hellip
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Millennials living in ‘relative poverty’, according to think tank

A report published by think tank the Resolution Foundation has suggested that 22% of ‘millennials’ – those born between 1981 and 2000 – are living in ‘relative poverty’. ‘Relative poverty’ is defined as living on less than 60% of median income. The report stated that government policies on housing have seen housing costs absorb ‘an [&hellip
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Banking code offering ‘increased protection from criminals’ takes effect

From 28 May 2019, a new ‘banking code’ designed to offer consumers ‘increased protection from criminals’ takes effect. Consumer group Which? recently revealed that £674 is lost every minute via bank transfer scams. The new code requires banks and payment providers to follow a ‘new set of standards’ in order to offer ‘better protection’ to [&hellip
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OTS calls for review of PAYE system

In a new report, the Office of Tax Simplification (OTS) has called for the Pay as You Earn (PAYE) system to be reviewed, to ensure tax agents can ‘see relevant client information’ and ‘access a number of key services’.   The report suggested that tax agents ‘don’t always have full access to their clients’ PAYE records’. [&hellip
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CBI calls for UK firms to ‘improve people management practices’

A report published by the Confederation of British Industry (CBI) has suggested that UK businesses could potentially add up to £110 billion to the UK economy by ‘improving their people management practices’. The report stated that employers understand the importance of effectively leading and engaging with their employees. However, the report also suggested that firms [&hellip
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ATT suggests couples ‘could be affected’ by increase in stamp duty for non-residents

The Association of Taxation Technicians (ATT) has suggested that couples in England and Northern Ireland could be affected by a proposed increase in stamp duty for non-UK residents purchasing residential property. A consultation published recently by HMRC states that non-UK residents purchasing residential property in England or Northern Ireland will be charged an additional 1% [&hellip
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FSB urges government to create ‘small business plan for Europe’

The Federation of Small Businesses (FSB) has published a comprehensive ‘small business plan’, outlining a host of reforms to help ‘unlock the potential of Europe’s small businesses’. It is urging the government to follow suit and produce its own plan. In its plan, the FSB puts forward recommendations for enhancing productivity, boosting growth through trade, [&hellip
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