Chancellor Rishi Sunak will impose a windfall tax on energy firms alongside a package to help households with the cost-of-living crisis.
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New data published by HMRC has revealed that 512,415 families made use of the Tax-Free Childcare (TFC) scheme in the past year.
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The energy price cap is now expected to rise to around £2,800 in October, according to the UK's energy regulator.
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A Treasury minister has stated that the government 'cannot rule out' a windfall tax on gas and oil companies in order to help with the cost-of-living crisis.
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Household energy bills could change every three months under new plans proposed by the energy regulator Ofgem.
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The government should immediately support those hardest hit by the cost-of living crisis, according to the Confederation of British Industry (CBI).
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HMRC issued 580 penalties totalling over £14 million for minimum wage offences during 2020/21, according to a report released by the Department for Business, Energy and Industrial Strategy (BEIS).
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Inflation has hit its highest level in 40 years amid the deteriorating cost-of-living crisis, according to the latest figures from the Office for National Statistics (ONS).
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National Energy Action (NEA) has warned that the poorest households in the UK will wait the longest for the government's £150 council tax rebate.
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Nearly 66,500 taxpayers filed their 2021/22 self assessment return on the first day of the new tax year, according to figures from HMRC.
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