Total UK R&D claim value falls for the first time ever
R&D

Total UK R&D claim value falls for the first time ever

2y Sam Alberti

Total UK R&D claim value falls for the first time ...

Meanwhile, an uptick in the number of claims appears to show an innovation investment slump Read More...

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The Trust Registration Service beyond September 1, 2022
HMRC

The Trust Registration Service beyond September 1, 2022

2y Helen Thornley

The Trust Registration Service beyond September 1,...

The deadline of September 1, 2022 for registering all trusts in existence at October 6, 2020 (unless specifically excluded) on the Trust Registration ...

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UK government must “think carefully” about MTD implementation
MTD

UK government must “think carefully” about MTD implementation

2y Sam Alberti

UK government must “think carefully” about MTD imp...

New research suggests that one in 10 accountants will leave the profession due to compliance burdens Read More...

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MTD preparations hampered by limited software options, expert says
Accounting Software

MTD preparations hampered by limited software options, expert says

2y Sonia Sharma

MTD preparations hampered by limited software opti...

Another source argued that client relations could be jeopardised by the inability to prepare Read More...

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Tax experts call on PM’s successor to make “vital” improvements to tax system
Tax

Tax experts call on PM’s successor to make “vital” improvements to tax syst...

2y Rebecca Whittaker

Tax experts call on PM’s successor to make “vital”...

President of the Chartered Institute of Taxation says HMRC’s performance standards are ‘falling short’, reinforcing the need for reformed digitalisati...

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MTD for ITSA – more questions than answers
MTD

MTD for ITSA – more questions than answers

2y Emma Rawson

MTD for ITSA – more questions than answers

ATT technical officer, Emma Rawson, takes a look at recently published draft MTD for ITSA tertiary legislation, highlighting some key areas where taxp...

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SMEs can “extend runway” with R&D regime changes
R&D

SMEs can “extend runway” with R&D regime changes

2y Sam Alberti

SMEs can “extend runway” with R&D regime changes

Proposed reforms to the UK’s R&D tax regime could see a clamp down on “opportunistic advisers” Read More...

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Advisers must deepen understanding of cryptoassets as client demand increases, industry figures say
Digital assets

Advisers must deepen understanding of cryptoassets as client demand increas...

2y Sonia Sharma

Advisers must deepen understanding of cryptoassets...

One expert also stressed the importance of collaboration on cryptoassets between HMRC and the accounting profession Read More...

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Post-pandemic, are HMRC’s gloves off for good?
HMRC

Post-pandemic, are HMRC’s gloves off for good?

2y Tim Symes, Lisa Vanderheide an...

Post-pandemic, are HMRC’s gloves off for good?

How has HMRC managed its metamorphosis from benevolent supporter of businesses during the pandemic to hard-nosed tax collector? Litigation specialists...

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UK R&D criteria to be tightened in system overhaul
Business

UK R&D criteria to be tightened in system overhaul

2y Sam Alberti

UK R&D criteria to be tightened in system overhaul

New government proposals see scope widen in some areas but narrow in others Read More...

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Accounting firms could “lose credibility” from MSC crackdown
Business

Accounting firms could “lose credibility” from MSC crackdown

2y Sam Alberti

Accounting firms could “lose credibility” from MSC...

Accountants with contractor clients must take practical steps in an attempt to fly under HMRC’s radar Read More...

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“Damning” report highlights IR35 non-compliance in public sector
HMRC

“Damning” report highlights IR35 non-compliance in public sector

2y Sam Alberti

“Damning” report highlights IR35 non-compliance in...

Whitehall departments could owe HMRC as much as £236m, according to the report Read More...

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Accountants need “back-up from HMRC” in MTD ITSA transition
HMRC

Accountants need “back-up from HMRC” in MTD ITSA transition

2y Sam Alberti

Accountants need “back-up from HMRC” in MTD ITSA t...

HMRC intends to atone for poor communications during MTD for VAT, a spokesperson said Read More...

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HMRC takes “more aggressive” approach as transfer pricing investigations soar
Tax Avoidance

HMRC takes “more aggressive” approach as transfer pricing investigations so...

2y Sam Alberti

HMRC takes “more aggressive” approach as transfer ...

Increased scrutiny of corporate profit shifting by HMRC generates its record rise in transfer pricing tax yield Read More...

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Major spike in bogus R&D claims highlights ‘challenge’ for HMRC, experts say
Tax

Major spike in bogus R&D claims highlights ‘challenge’ for HMRC, experts sa...

2y Sam Alberti

Major spike in bogus R&D claims highlights ‘challe...

Forthcoming government changes will seek to tighten the regime to foster a “new culture of enterprise” Read More...

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Shock tax bills part of HMRC plan to “kill” contracting
Tax

Shock tax bills part of HMRC plan to “kill” contracting

2y Sam Alberti

Shock tax bills part of HMRC plan to “kill” contra...

HMRC’s latest compliance crackdown could set a damning precedent for the contracting industry, market participants say Read More...

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UK accountant handed jail term in £160k tax fraud case
HMRC

UK accountant handed jail term in £160k tax fraud case

2y Sam Alberti

UK accountant handed jail term in £160k tax fraud ...

The taxpayer’s trust was abused using accountancy knowledge and expertise, HMRC said Read More...

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Q&A: Tilney Smith & Williamson on tax and cryptoassets
Tax

Q&A: Tilney Smith & Williamson on tax and cryptoassets

2y Sam Alberti

Q&A: Tilney Smith & Williamson on tax and cryptoas...

Accountancy Age spoke with associate director of tax at Tilney Smith & Williamson, James Carn, who outlined the unruly cryptoasset tax landscape and w...

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HMRC seeks views on changes to self-assessment registration
Personal Tax

HMRC seeks views on changes to self-assessment registration

2y Helen Thornley

HMRC seeks views on changes to self-assessment reg...

Are taxpayers aware of their self-assessment obligations before they come to you? In a consultation due to close shortly, HMRC is looking at whether t...

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Spurious R&D claims an “unbelievable” drain on company resources
R&D

Spurious R&D claims an “unbelievable” drain on company resources

2y Sam Alberti

Spurious R&D claims an “unbelievable” drain on com...

Abuse of the system will highlight the value of trustworthy advisers, according to one expert Read More...

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Accountants must “exercise vigilance” with cryptoassets, IFA warns
Tax

Accountants must “exercise vigilance” with cryptoassets, IFA warns

2y Institute of Financial Account...

Accountants must “exercise vigilance” with cryptoa...

John Edwards, CEO of the Institute of Financial Accountants (IFA) addresses the issues as well as opportunities around cryptoassets, amid the need for...

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Accountants must be “proactive” in crypto tax cases, experts warn
Tax

Accountants must be “proactive” in crypto tax cases, experts warn

2y Sam Alberti

Accountants must be “proactive” in crypto tax case...

In the absence of legislation, HMRC is now attempting to regulate crypto exchanges Read More...

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Bolster AML protocols or face suspension, IFA warns
Accounting Standards

Bolster AML protocols or face suspension, IFA warns

2y Sam Alberti

Bolster AML protocols or face suspension, IFA warn...

The IFA has issued the alert following an initial wave of suspensions in December last year Read More...

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HMRC considering shorter registration deadlines for sole traders and landlords
Personal Tax

HMRC considering shorter registration deadlines for sole traders and landlo...

2y Emma Rawson

HMRC considering shorter registration deadlines fo...

ATT technical officer, Emma Rawson, takes a look at HMRC’s new call for evidence which explores potential reforms to how and when individuals with pro...

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Sharp rise in R&D tax credit claims is cause for both optimism and concern, says industry experts
HMRC

Sharp rise in R&D tax credit claims is cause for both optimism and concern,...

3y Sam Alberti

Sharp rise in R&D tax credit claims is cause for b...

While R&D investment promotes economic growth, fraudulent claims may be slipping through the net Read More...

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IFA calls for greater clarity of tax admin framework in HMRC consultation
Tax

IFA calls for greater clarity of tax admin framework in HMRC consultation

3y Institute of Financial Account...

IFA calls for greater clarity of tax admin framewo...

Greater clarity on the tax administration framework in HMRC consultation called for by the Institute of Financial Accountants Read More...

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HMRC must "rebuild the trust" of taxpayers after Loan Charge failings
HMRC

HMRC must "rebuild the trust" of taxpayers after Loan Charge failings

3y Sam Alberti

HMRC must "rebuild the trust" of taxpayers after L...

Government’s "misunderstanding" of how contracting works led to misinterpret "accidental" tax avoidance, critics say Read More...

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