The tax raised £358 million in its inaugural year, surpassing initial estimates by 30% Read More...
View articleHMRC has 56 days to appeal to the Upper Tribunal (Tax and Chancery Chamber) Read More...
View articleIt is reported that around 6% of UK adults own cryptocurrency Read More...
View articlePlans to establish a Single Enforcement Body have resurfaced having been reportedly shelved last year Read More...
View articleAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View articleHMRC service levels have fallen to an “unacceptably low level” and must be urgently addressed as part of the forthcoming Spring Budget statement, the ...
View articleHalf of all STEM businesses plan to move R&D activity overseas due to forthcoming changes Read More...
View articleAt the beginning of the year, HMRC implemented a new penalties system for late VAT submissions and payments. The new points-based penalty system is ar...
View articleHMRC has emphasised that all mediators will be impartial throughout the ADR process Read More...
View articleThis only serves to highlight flaws in the system, experts have said Read More...
View articleThe government will have to decide if IR35 will be mentioned in the 2023 Spring Budget Read More...
View articleThe ICAEW has proposed an emergency taskforce should be created to help improve HMRC’s backlog Read More...
View articleAn estimated £469m worth of R&D-related error fraud occurred in the 2021/22 financial year Read More...
View articlePenalty and settlement reportedly issued by former chancellor to HMRC in September 2022 Read More...
View articleHMRC has confirmed that a 10th related suicide has occurred Read More...
View articleHMRC receives criticism from taxpayers as January 31 deadline looms Read More...
View articleThe new scheme will seek to allow businesses to more effectively budget for R&D expenditure Read More...
View articleThe attempt to reduce bogus claims has been described as a ‘sledgehammer to crack a nut’ Read More...
View articleNearly six million self-assessment taxpayers are still yet to file returns Read More...
View articleHMRC are facing backlash over their recent customer service shortcomings Read More...
View articleWhile disappointing, the fresh postponement will allow accountants and bookkeepers to familiarise themselves with what’s to come, according to Sabby G...
View articleThe postponement should help smaller businesses in the long run, according to the Treasury Read More...
View articleThe original roll-out date 'was always going to be extremely difficult' to achieve, market participants have said Read More...
View articleThe upcoming MTD for income tax self-assessment deadline opens the door for accountants to play a key advisory role once more Read More...
View articleThe total value of R&D claims in the UK fell by 4% between 2019/20 and 2020/21 Read More...
View articleUse of the schemes has been rife since the latest IR35 private sector reforms, one market participant said Read More...
View articleAccountancy firms say there are still many unanswered questions after Chancellor Kwasi Kwarteng’s speech Read More...
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