MTD in Practice: Early lessons for HMRC and accountants
Making Tax Digital

MTD in Practice: Early lessons for HMRC and accountants

2w Accountancy Age

MTD in Practice: Early lessons for HMRC and accoun...

What 100 real businesses—and a room full of accountants—are teaching HMRC about Making Tax Digital. Read More...

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1.1 million unanswered HMRC calls as MTD panic sets in
HMRC

1.1 million unanswered HMRC calls as MTD panic sets in

4w Accountancy Age

1.1 million unanswered HMRC calls as MTD panic set...

Self-employed workers are flooding the internet for Making Tax Digital (MTD) guidance as HMRC helplines fall short, leaving many scrambling for answer...

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HMRC hit by £47m phishing fraud, MPs question digital defences
Cybersecurity

HMRC hit by £47m phishing fraud, MPs question digital defences

1m Accountancy Age

HMRC hit by £47m phishing fraud, MPs question digi...

HMRC has lost £47m to a sophisticated phishing fraud that saw organised criminals exploit stolen personal data to create or hijack around 100,000 PAYE...

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Taxpayer wins £1.7k tribunal case after HMRC emails went to junk
Administration

Taxpayer wins £1.7k tribunal case after HMRC emails went to junk

2m Accountancy Age

Taxpayer wins £1.7k tribunal case after HMRC email...

Denise Howarth, a self-assessment taxpayer with a previously spotless record, has successfully overturned £1,770 in fines and interest after a tribuna...

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Business debt to HMRC hits £28bn per month
Business

Business debt to HMRC hits £28bn per month

2m Accountancy Age

Business debt to HMRC hits £28bn per month

Corporation Tax, VAT, and PAYE arrears surge as firms delay payments to preserve liquidity Read More...

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HMRC faces criticism for delayed tax refunds and service changes
HMRC

HMRC faces criticism for delayed tax refunds and service changes

2m Accountancy Age

HMRC faces criticism for delayed tax refunds and s...

HM Revenue and Customs (HMRC) is facing mounting criticism after reports surfaced of significant delays in processing tax refunds, with some individua...

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HMRC red tape casts UK SMEs £25bn a year
Accounting Firms

HMRC red tape casts UK SMEs £25bn a year

3m Accountancy Age

HMRC red tape casts UK SMEs £25bn a year

UK small businesses are facing an annual tax compliance burden nearing £25 billion, according to recent findings by the Federation of Small Businesses...

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HMRC’s RTI system is failing UK employers, study finds
Accounting Standards

HMRC’s RTI system is failing UK employers, study finds

4m Marina Mouka

HMRC’s RTI system is failing UK employers, study f...

For over a decade, HMRC’s Real-Time Information (RTI) system has been the backbone of payroll reporting in the UK. Introduced with the promise of impr...

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HMRC releases updated guidance for Making Tax Digital testers
HMRC

HMRC releases updated guidance for Making Tax Digital testers

6m Accountancy Age

HMRC releases updated guidance for Making Tax Digi...

HMRC has issued new guidance aimed at taxpayers participating in the Making Tax Digital for Income Tax (MTD IT) testing programme. The update provides...

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A £1.13bn problem: HMRC’s crackdown on R&D tax errors
Corporate Tax

A £1.13bn problem: HMRC’s crackdown on R&D tax errors

6m Accountancy Age

A £1.13bn problem: HMRC’s crackdown on R&D tax err...

HM Revenue & Customs (HMRC) has launched a voluntary disclosure initiative aimed at companies that have overclaimed research and development (R&am...

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Budget Focus: Do we really need 1800 new HMRC debt collectors?
Budget

Budget Focus: Do we really need 1800 new HMRC debt collectors?

8m Accountancy Age

Budget Focus: Do we really need 1800 new HMRC debt...

The UK Autumn Budget of 2024 has sharpened the focus on reducing the tax gap by amplifying both financial pressure on overdue tax payments and enforce...

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Taxpayers spent over 700 years on hold with HMRC as wait times worsen
HMRC

Taxpayers spent over 700 years on hold with HMRC as wait times worsen

9m Accountancy Age

Taxpayers spent over 700 years on hold with HMRC a...

Taxpayers in the UK collectively spent more than 719 years on the phone waiting to speak with HM Revenue and Customs (HMRC) in the year ending June 30...

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HMRC stats shows tax take for August remains high but further rises in next month’s Budget seem inevitable

HMRC stats shows tax take for August remains high but further rises in next...

10m Rachael King

HMRC stats shows tax take for August remains high ...

HMRC’s tax statistics for August 2024 show that tax takings remain high, but the anticipated rise in borrowing due partly to the increase in public se...

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HMRC increasingly pursuing company directors to pay tax bills of insolvent businesses
Corporate Tax

HMRC increasingly pursuing company directors to pay tax bills of insolvent ...

10m Accountancy Age

HMRC increasingly pursuing company directors to pa...

HMRC is increasingly pursuing company directors (and other individuals connected with the management of companies) to pay outstanding tax bills that a...

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HMRC pay out to creative industries up 16% with increases across all sectors

HMRC pay out to creative industries up 16% with increases across all sector...

11m Rachael King

HMRC pay out to creative industries up 16% with in...

New statistics published today show that HMRC paid out £2.2bn in creative industries tax reliefs for the year to 31 March 2023 – a 16% increase from t...

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HMRC'S annual report is out - Here's what you need to know
HMRC

HMRC'S annual report is out - Here's what you need to know

12m Accountancy Age

HMRC'S annual report is out - Here's what you need...

Accountants are no strangers to poring over lengthy financial documents and annual reports. However, even the most seasoned professionals can benefit ...

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Will HMRC digital services get to where they need to be?
Brexit & Economy

Will HMRC digital services get to where they need to be?

1y Caroline Miskin, Senior Technical Manager Digital Taxation, ICAEW

Will HMRC digital services get to where they need ...

HMRC service performance has been a hot topic for some time and has received considerable attention in mainstream media, at parliamentary committees a...

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Tax experts call on new Labour government for new Office of Tax Simplification, clearer anti-avoidance legislation and investment in HMRC skills

Tax experts call on new Labour government for new Office of Tax Simplificat...

1y Rachael King

Tax experts call on new Labour government for new ...

The Labour government should consider bringing back the Office of Tax Simplification, clarifying the UK’s anti-avoidance legislation and investing in ...

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Overtime pay sees HMRC wage bill rise by £5.5m following significant job cuts
HMRC

Overtime pay sees HMRC wage bill rise by £5.5m following significant job cu...

1y Rachael Kennedy

Overtime pay sees HMRC wage bill rise by £5.5m fol...

New research from The Global Payroll Association (GPA), reveals that HMRC has reduced its core workforce by -3.8% in the past year, but that this staf...

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Do HMRC's customer service woes demand accountant intervention?
HMRC

Do HMRC's customer service woes demand accountant intervention?

1y Accountancy Age

Do HMRC's customer service woes demand accountant ...

HMRC’s telephone customer service is failing to meet expectations, with taxpayers experiencing an average wait time of nearly 23 minutes in the first ...

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Treasury announces £51 million to bring HMRC phonelines back up to target
HMRC

Treasury announces £51 million to bring HMRC phonelines back up to target

1y Accountancy Age

Treasury announces £51 million to bring HMRC phone...

The funding comes alongside HMRC’s long-term strategy for taxpayers to use digital options for queries in the first instance Read More...

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Foreign tax authorities made 9.5m disclosures to HMRC about UK taxpayers last year – 48% rise since 2019
HMRC

Foreign tax authorities made 9.5m disclosures to HMRC about UK taxpayers la...

1y Accountancy Age

Foreign tax authorities made 9.5m disclosures to H...

Data from tax authorities overseas help HMRC identify individuals who may be evading tax through offshore assets Read More...

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HMRC collected £95.2 billion in business taxes in the last tax year
Brexit & Economy

HMRC collected £95.2 billion in business taxes in the last tax year

1y Accountancy Age

HMRC collected £95.2 billion in business taxes in ...

Tax take rises by almost 5% in 23-24 but income taxes jump by 10% Read More...

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Labour unveils plan to overhaul HMRC ahead of general election
HMRC

Labour unveils plan to overhaul HMRC ahead of general election

1y Rachael Kennedy

Labour unveils plan to overhaul HMRC ahead of gene...

Labour's plan to reform HMRC includes increasing the workforce by 5,000, investing in technology, and closing the £36 billion tax gap, aiming for fair...

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Two thirds of accountants say poor HMRC services hurting small businesses
ACCA

Two thirds of accountants say poor HMRC services hurting small businesses

1y Rachael King

Two thirds of accountants say poor HMRC services h...

Following the Chancellor’s Spring Budget on March 6, the Association of Chartered Certified Accountants (ACCA) surveyed its members for their insight ...

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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 b...

1y Accountancy Age

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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Working families urged to tap into HMRC's Tax-Free Childcare scheme for Easter savings
More News

Working families urged to tap into HMRC's Tax-Free Childcare scheme for Eas...

1y Accountancy Age

Working families urged to tap into HMRC's Tax-Free...

Working parents can save on Easter childcare with the Tax-Free Childcare scheme. Read More...

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Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined tax system
HMRC

Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined ...

1y Accountancy Age

Embarking on modernisation: HMRC launches MTD ITSA...

HMRC's MTD ITSA pilot, launching on 22 April 2024, aims to modernize the UK tax system by requiring digital record-keeping and quarterly updates for s...

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