ACCA welcomes HMRC move to require tax agents to belong to a professional body

ACCA ACCA welcomes HMRC move to require tax agents to belong to a professional body

21m Accountancy Age, Reporters

ACCA welcomes HMRC move to require tax agents to b...

Regulation needs careful consideration to ensure fairness and proportionality for taxpayers and agents Read More...

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Tax savvy spring: Your guide to the UK Budget 2024

Tax Tax savvy spring: Your guide to the UK Budget 2024

2w Accountancy Age, Reporters

Tax savvy spring: Your guide to the UK Budget 2024

The UK Budget 2024 brings tax changes for businesses! Dive in to understand how reduced National Insurance Contributions and Capital Gains Tax adjustm...

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Forget the budget, we need to be thinking longer-term

Budget Forget the budget, we need to be thinking longer-term

2w Rachael King

Forget the budget, we need to be thinking longer-t...

Amid economic uncertainty, UK political parties are betting on innovation-driven sectors like technology, manufacturing, and green energy to power gro...

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Businesses save £1.4 billion in corporation tax through Patent Box scheme

Corporate Tax Businesses save £1.4 billion in corporation tax through Patent Box scheme

3w Accountancy Age, Reporters

Businesses save £1.4 billion in corporation tax th...

The amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...

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New cloud architecture from Sovos' could cut tax and compliance burden

Cloud New cloud architecture from Sovos' could cut tax and compliance burden

3w Accountancy Age, Reporters

New cloud architecture from Sovos' could cut tax a...

What if tax and compliance reporting were all in the same place? Read More...

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KPMG and Blue J launch AI tax tool

Big Four KPMG and Blue J launch AI tax tool

4w Accountancy Age, Reporters

KPMG and Blue J launch AI tax tool

The tool, Ask Blue J, will revolutionize tax research, allowing KPMG to predict tax outcomes and ask detailed tax-related questions. Read More...

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Survey finds UK tax policies stifling business growth and innovation

Tax Survey finds UK tax policies stifling business growth and innovation

4w Accountancy Age, Reporters

Survey finds UK tax policies stifling business gro...

UK tax policies are restricting business growth and innovation, according to new research by UK top ten accountancy and advisory firm Azets. With just...

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Tech leaders debate AI skills shortage in Parliament

Business Tech leaders debate AI skills shortage in Parliament

4w Rachael King

Tech leaders debate AI skills shortage in Parliame...

Technology industry leaders are pressing the government for substantial investment to prepare the next generation with essential digital and AI skills...

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75% of independent hospitality businesses say a VAT cut is vital to their survival

Tax 75% of independent hospitality businesses say a VAT cut is vital to their survival

1m Accountancy Age, Reporters

75% of independent hospitality businesses say a VA...

The UK Treasury must act now to prevent the avoidable damage that is being done to small and micro businesses by acute inflationary pressures across t...

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HMRC collects £1bn in unpaid tax from landfill tax investigations  

HMRC HMRC collects £1bn in unpaid tax from landfill tax investigations  

1m Accountancy Age, Reporters

HMRC collects £1bn in unpaid tax from landfill tax...

  HMRC has collected £1bn in extra revenue from investigations into underpaid landfill tax over the past 5 years, with £281m collected in the las...

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Navigating the new normal: The strategic turn to outsourcing in R&D tax services

R&D Navigating the new normal: The strategic turn to outsourcing in R&D tax services

1m Rachael Kennedy

Navigating the new normal: The strategic turn to o...

Amidst complex regulations and a crackdown on fraud, UK accounting firms are increasingly turning to outsourcing as a strategic approach to ensure com...

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R&D tax changes risk deterring business investment, Lords report warns

HMRC R&D tax changes risk deterring business investment, Lords report warns

2m Accountancy Age, Reporters

R&D tax changes risk deterring business investment...

The House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...

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Research shows a significant increase in HMRC tax investigations – now a quarter of a million opened per year

Tax Research shows a significant increase in HMRC tax investigations – now a quarter of a million opened per year

2m Accountancy Age, Reporters

Research shows a significant increase in HMRC tax ...

HMRC tax investigations into individuals and small businesses have increased in the last year from 232,000 in 2021/22 to 248,000 in 2022/23*, accordin...

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Jeremy Hunt hints at further tax cuts at Davos: What accountants need to know

Budget Jeremy Hunt hints at further tax cuts at Davos: What accountants need to know

2m Rachael Kennedy

Jeremy Hunt hints at further tax cuts at Davos: Wh...

UK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...

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84% of tax professionals fear double taxation as Pillar 2 looms

Corporate Tax 84% of tax professionals fear double taxation as Pillar 2 looms

2m Accountancy Age, Reporters

84% of tax professionals fear double taxation as P...

The legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...

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HMRC issues second warning to crypto users

Personal Tax HMRC issues second warning to crypto users

2m Accountancy Age, Reporters

HMRC issues second warning to crypto users

HMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...

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UK Accountants brace for significant tax changes in 2024

Administration UK Accountants brace for significant tax changes in 2024

3m Accountancy Age, Reporters

UK Accountants brace for significant tax changes i...

The upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...

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What to expect in 2024 (it's not just AI!)

Business What to expect in 2024 (it's not just AI!)

3m Rachael Kennedy

What to expect in 2024 (it's not just AI!)

The accountancy market in the UK is on the brink of transformation in 2024. As technology continues to advance and the business landscape evolves, acc...

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Is consolidation the answer to the UK’s R&D advisory problem?

HMRC Is consolidation the answer to the UK’s R&D advisory problem?

3m Rebeca Clark

Is consolidation the answer to the UK’s R&D adviso...

Amidst rising fraud and complexity, the consolidation of the UK’s R&D advisory market could be the key to unlocking reliable, efficient, and compliant...

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Phil Thompson loses IR35 case

HMRC Phil Thompson loses IR35 case

3m Accountancy Age, Reporters

Phil Thompson loses IR35 case

The recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...

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What should accountants take away from Amazon's $270 million tax win?

Business What should accountants take away from Amazon's $270 million tax win?

3m Accountancy Age, Reporters

What should accountants take away from Amazon's $2...

Accountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...

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Sunak employs Thatcher-like tactics with taxation shift

Corporate Tax Sunak employs Thatcher-like tactics with taxation shift

3m Accountancy Age, Reporters

Sunak employs Thatcher-like tactics with taxation ...

As the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...

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New HMRC tax rules set to impact online sellers

HMRC New HMRC tax rules set to impact online sellers

3m Rachael Kennedy

New HMRC tax rules set to impact online sellers

From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...

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25% of total income and capital gains tax paid by 100,000 taxpayers

Personal Tax 25% of total income and capital gains tax paid by 100,000 taxpayers

3m Accountancy Age, Reporters

25% of total income and capital gains tax paid by ...

HMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...

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Kaye Adams defeat of HMRC should set IR35 precedent

Brexit & Economy Kaye Adams defeat of HMRC should set IR35 precedent

3m Accountancy Age, Reporters

Kaye Adams defeat of HMRC should set IR35 preceden...

Landmark victory for UK freelancers as media Presenter Kaye Adams wins nine-year IR35 case against HMRC Read More...

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HMRC launches campaign targeting crypto tax evaders

Digital assets HMRC launches campaign targeting crypto tax evaders

4m Accountancy Age, Reporters

HMRC launches campaign targeting crypto tax evader...

It is essential for crypto asset owners to take advantage of the new disclosure facility and seek specialist advice when necessary Read More...

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HMRC's new taxation rules for freelancers will mean significant adjustments

HMRC HMRC's new taxation rules for freelancers will mean significant adjustments

4m Accountancy Age, Reporters

HMRC's new taxation rules for freelancers will mea...

Navigate the complexities of HMRC's new tax rules for freelancers and partnerships with our in-depth analysis of the upcoming changes for the 2024-25 ...

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