With HMRC’s inaugural crypto data revealing £1.38bn in gains and automatic exchange reporting set for 2027 under CARF. UK accountancy firms must urgen...
View articleHMRC is running two enforcement campaigns at once. Overseas multinationals, led by US firms are sitting on an estimated £16.1 billion in underpaid tax...
View articleHMRC’s newly dropped tax update for the 2027 ISA overhaul reveal a draconian 22% tax on uninvested investment cash and strict curbs on Money Market Fu...
View articleAs the HMRC registration deadline creates a new regulatory "white-list," the UK mid-market is undergoing a rapid industrialisation. From Azets and Xei...
View articleFrom a record-breaking £28bn NIC burden to Sage’s AI-led future in San Francisco, we break down the developments shaping the accounting landscape as A...
View articleFive UK accountancy firms have been named by HMRC for taking fees to refer clients into a tax avoidance scheme. HMRC warns users to seek guidance to a...
View articleHMRC's revelation that it is using AI to monitor taxpayers’ social media posts in criminal investigations has sparked a heated debate on data privacy,...
View articleHM Revenue and Customs (HMRC) will send 1.4 million letters in the coming months to alert UK taxpayers about unpaid income tax as part of its annual c...
View articleTaxpayers urged to appeal fines as experts warn many could be wrongly penalised Read More...
View articleHMRC has officially ruled out plans to introduce Making Tax Digital for Corporation Tax, confirming the shift in its July 2025 Transformation Roadmap....
View articleHMRC is preparing to launch a wave of new tax investigations targeting high-income earners and individuals with substantial assets, according to new i...
View articleWhat 100 real businesses—and a room full of accountants—are teaching HMRC about Making Tax Digital. Read More...
View articleSelf-employed workers are flooding the internet for Making Tax Digital (MTD) guidance as HMRC helplines fall short, leaving many scrambling for answer...
View articleHMRC has lost £47m to a sophisticated phishing fraud that saw organised criminals exploit stolen personal data to create or hijack around 100,000 PAYE...
View articleDenise Howarth, a self-assessment taxpayer with a previously spotless record, has successfully overturned £1,770 in fines and interest after a tribuna...
View articleCorporation Tax, VAT, and PAYE arrears surge as firms delay payments to preserve liquidity Read More...
View articleHM Revenue and Customs (HMRC) is facing mounting criticism after reports surfaced of significant delays in processing tax refunds, with some individua...
View articleUK small businesses are facing an annual tax compliance burden nearing £25 billion, according to recent findings by the Federation of Small Businesses...
View articleFor 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...
View articleHMRC has issued new guidance aimed at taxpayers participating in the Making Tax Digital for Income Tax (MTD IT) testing programme. The update provides...
View articleHM Revenue & Customs (HMRC) has launched a voluntary disclosure initiative aimed at companies that have overclaimed research and development (R&am...
View articleThe 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...
View articleTaxpayers 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...
View articleHMRC’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...
View articleHMRC is increasingly pursuing company directors (and other individuals connected with the management of companies) to pay outstanding tax bills that a...
View articleNew 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...
View articleAccountants are no strangers to poring over lengthy financial documents and annual reports. However, even the most seasoned professionals can benefit ...
View articleHMRC 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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