Tax group calls for extension to the annual investment allowance
The temporary increase to the annual investment allowance should be extended, according to the Association of Tax Technicians (ATT). The allowance enables firms to fully offset the cost of qualifying capital items [...]
Fraudulent furlough claims or those paid in error cost £3.5bn
Up to £3.5 billion in payments made to employers under the furlough scheme might have been fraudulently claimed or paid in error, HMRC has said. The scheme was launched at the height [...]