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Contractors blindsided by MSC tax charges

HMRC has issued letters to thousands of contractors, demanding up to £50,000 from them. The tax office is arguing that contractors have breached the MSC legislation – this is despite HMRC not having established all of the facts, says Seb

HMRC late payment interest rates to increase

HMRC interest rates for late payments will be going up following the Bank of England interest rate rise to 0.25%. The Bank of England Monetary Policy Committee voted on 16 December 2021 to increase the Bank of England base rate to 0.25%