HMRC focuses on self-employed with Making Tax Digital video
Corporate Tax

HMRC focuses on self-employed with Making Tax Digital video

8y Fraser Simpson , Reporter

HMRC focuses on self-employed with Making Tax Digi...

The taxman has released a new video on its YouTube channel on their digital transformation project Read More...

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Money launderer jailed after HMRC probe
Personal Tax

Money launderer jailed after HMRC probe

8y Fraser Simpson , Reporter

Money launderer jailed after HMRC probe

The Bradford-based man, who has links to money laundering gangs, has been sentenced to 23 months in prison Read More...

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Tax code complexity could damage economy, warns think tank
Corporate Tax

Tax code complexity could damage economy, warns think tank

8y Fraser Simpson , Reporter

Tax code complexity could damage economy, warns th...

UK tax code is 12 times longer than King James Bible, and its intricacy encourages tax avoidance, a new report has found Read More...

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Friday Afternoon Live: Mandatory audit rotation, digital tax and consulting
Audit

Friday Afternoon Live: Mandatory audit rotation, digital tax and consulting

8y Accountancy Age , Reporters

Friday Afternoon Live: Mandatory audit rotation, d...

Kevin Reed discusses the week's news Read More...

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House of Lords slams ‘inadequate’ HMRC in Finance Bill inquiry
Corporate Tax

House of Lords slams ‘inadequate’ HMRC in Finance Bill inquiry

8y Fraser Simpson , Reporter

House of Lords slams ‘inadequate’ HMRC in Finance ...

House of Lords Economic Affairs Committee says HMRC needs to communicate impending tax changes to the public more clearly and effectively Read More...

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£8bn haul sees MPs urge for income tax cuts
Personal Tax

£8bn haul sees MPs urge for income tax cuts

8y Fraser Simpson , Reporter

£8bn haul sees MPs urge for income tax cuts

Income tax receipts from highest earners up £8bn between 2013 and 2014, the first year in which the rate was slashed from 50p to 45p, HMRC stats revea...

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Taxpayers to 'save' £30m in inheritance tax relief
Personal Tax

Taxpayers to 'save' £30m in inheritance tax relief

8y Chris Warmoll , Writer

Taxpayers to 'save' £30m in inheritance tax relief

City law firm warns inheritance tax relief could be disallowed by HMRC in certain situations Read More...

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HMRC: 'Persuasive promoters' lure taxpayers into avoidance schemes
Personal Tax

HMRC: 'Persuasive promoters' lure taxpayers into avoidance schemes

8y Fraser Simpson , Reporter

HMRC: 'Persuasive promoters' lure taxpayers into a...

The taxman conducted 20 interviews with previous scheme users to gain an insight into why people enter into tax avoidance agreements Read More...

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LITRG urges government to delay NI changes
Corporate Tax

LITRG urges government to delay NI changes

8y Fraser Simpson , Reporter

LITRG urges government to delay NI changes

LITRG asks government to delay changes to NICs for the self-employed until OTS publishes its recommendations on merging NI and income tax Read More...

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SMEs set to take advantage of dividend pay-outs
Personal Tax

SMEs set to take advantage of dividend pay-outs

8y Fraser Simpson , Reporter

SMEs set to take advantage of dividend pay-outs

Over a quarter of the UK’s five million SME owners plan to pay themselves a special dividend before the government raises the tax rate later this year...

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HMRC sees high ROI from investigations into UK’s wealthiest
Administration

HMRC sees high ROI from investigations into UK’s wealthiest

8y Fraser Simpson , Reporter

HMRC sees high ROI from investigations into UK’s w...

Investigations into the UK’s 6000 richest individuals now yielding nearly £30 for every £1 invested Read More...

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Advisers supportive of new Digital Disclosure Service
Personal Tax

Advisers supportive of new Digital Disclosure Service

8y Fraser Simpson , Reporter

Advisers supportive of new Digital Disclosure Serv...

The online platform will become available from April 2016, enabling taxpayers to disclose their financial irregularities Read More...

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Taxman seizes over £2bn from accelerated payments
Administration

Taxman seizes over £2bn from accelerated payments

8y Fraser Simpson , Reporter

Taxman seizes over £2bn from accelerated payments

HMRC issues 3,000 APNs every month and expects to claim £5bn in payments by 2020 Read More...

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HMRC condemns Growth Securities Ownerships Plan
Accounting Firms

HMRC condemns Growth Securities Ownerships Plan

8y Fraser Simpson , Reporter

HMRC condemns Growth Securities Ownerships Plan

HMRC warns companies away from tax avoidance scheme seven years after it was introduced Read More...

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Claims management group Rebus falls into administration
Corporate Tax

Claims management group Rebus falls into administration

8y Fraser Simpson , Reporter

Claims management group Rebus falls into administr...

The business raised more than £800,000 on Crowdcube last year, making it one of the biggest breakdowns involving a crowdfunded company Read More...

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Majority of tax payers file self-assessment returns online
Administration

Majority of tax payers file self-assessment returns online

8y Fraser Simpson , Reporter

Majority of tax payers file self-assessment return...

Around nine in ten tax payers use HMRC's online self-assessment service to calculate and pay the tax they owe Read More...

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HMRC wins ‘goodwill payments' tax battle against Smith & Williamson
Accounting Firms

HMRC wins ‘goodwill payments' tax battle against Smith & Williamson

8y Fraser Simpson , Reporter

HMRC wins ‘goodwill payments' tax battle against S...

HMRC appeal against investment management group Smith & Williamson over treatment of ‘goodwill payments' upheld Read More...

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Friday Afternoon Live: IFRS lease accounting and Dame Lin Homer's departure from HMRC
Accounting Standards

Friday Afternoon Live: IFRS lease accounting and Dame Lin Homer's departure...

8y Accountancy Age , Reporters

Friday Afternoon Live: IFRS lease accounting and D...

Now Contentive's head of editorial, Kevin Reed discusses the week's news Read More...

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HMRC services remain a major problem and must improve, claims ICAEW
Accounting Standards

HMRC services remain a major problem and must improve, claims ICAEW

8y Calum Fuller , Reporter

HMRC services remain a major problem and must impr...

ICAEW members increasingly concerned over HMRC service levels, survey finds Read More...

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Parliament to debate digital tax accounts this month
Administration

Parliament to debate digital tax accounts this month

8y Calum Fuller , Reporter

Parliament to debate digital tax accounts this mon...

Introduction of quarterly digital tax accounts for small businesses and self-employed gets parliamentary hearing Read More...

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2020 Vision: Advisers and clients ingrained into 31 Jan deadline
People In Practice

2020 Vision: Advisers and clients ingrained into 31 Jan deadline

8y Accountancy Age

2020 Vision: Advisers and clients ingrained into 3...

Despite the myriad of reasons for advisers and clients to break out of the January gloom that is filing season, the will has to be there to make the c...

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Knight's suitability as OTS chief questioned by MPs
Corporate Tax

Knight's suitability as OTS chief questioned by MPs

8y Fraser Simpson , Reporter

Knight's suitability as OTS chief questioned by MP...

Former chief executive of lobby group the British Bankers' Association Angela Knight fields MPs' questions over her suitability to head the Office of ...

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Macpherson to leave Treasury after 10 years in Permanent Secretary role
Corporate Tax

Macpherson to leave Treasury after 10 years in Permanent Secretary role

8y Chris Warmoll , Writer

Macpherson to leave Treasury after 10 years in Per...

Prior to becoming Permanent Secretary, Macpherson, was MD of the Budget and Public Finance Directorate Read More...

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New Year’s Eve tax returns hit record high, finds HMRC
Personal Tax

New Year’s Eve tax returns hit record high, finds HMRC

8y Fraser Simpson , Reporter

New Year’s Eve tax returns hit record high, finds ...

24,546 people sent off their self-assessment tax return on New Year's Eve, according to HMRC figures Read More...

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NAO: Tax fraud costs £16bn per year
Corporate Tax

NAO: Tax fraud costs £16bn per year

8y Calum Fuller , Reporter

NAO: Tax fraud costs £16bn per year

HMRC needs to better prioritise the cases in which it pursues criminal investigation, the National Audit Office found in its latest report Read More...

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Holyrood to rule out income tax increases despite new powers
Corporate Tax

Holyrood to rule out income tax increases despite new powers

8y Calum Fuller , Reporter

Holyrood to rule out income tax increases despite ...

Swinney set to eschew tax rises in Scotland as new powers come in Read More...

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Advisers outline fears as HMRC gets digital
Administration

Advisers outline fears as HMRC gets digital

8y Fraser Simpson , Reporter

Advisers outline fears as HMRC gets digital

Practitioners sceptical over HMRC's ability to deliver a fully digital tax system by 2020, finds Fraser Simpson Read More...

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