It would be fair to say that it’s been a turbulent year for HM Revenue & Customs (HMRC).
According to the Office for National Statistics (ONS), the inflation rate for the UK increased to 0.1 per cent last month for the first time in four months.
Recent statistics have revealed that the largest UK businesses paid £80.5 billion in taxes this year, despite recent corporation tax cuts.
Small Business Saturday has been hailed a major success, with around £623million spent with small businesses on the day.
A Government proposal could mean that an increase in the level of VAT applied to solar panels in UK homes is soon introduced.