Chancellor Philip Hammond took just 30 minutes to cover the key points of his first Spring Statement, which included higher than expected growth forecasts in the short term, a surplus in the current account in 2018/19, and the announcement of a raft of consultations in areas including the digital economy, cashless payments, and single-use plastics

The Treasury has launched a consultation to assess how the VAT registration threshold can incentivise small businesses to grow after it was reported that many opt to stay below the £85,000 turnover mark to avoid paying VAT

As part of Chancellor Philip Hammond’s Spring Statement, HMRC is seeking views on how the tax authority can engage with online platforms, such as eBay and Uber, to promote tax compliance among its users