Following the Chancellor’s Spring Budget on March 6, the Association of Chartered Certified Accountants (ACCA) surveyed its members for their insight ...
View articleRegulation needs careful consideration to ensure fairness and proportionality for taxpayers and agents Read More...
View articleWorking parents can save on Easter childcare with the Tax-Free Childcare scheme. Read More...
View articleHMRC'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...
View articleHM Revenue & Customs (HMRC) has acknowledged the financial and time costs that landlords will face due to the Making Tax Digital (MTD) initiative....
View articleHMRC has collected £1bn in extra revenue from investigations into underpaid landfill tax over the past 5 years, with £281m collected in the las...
View articleHMRC tax investigations into individuals and small businesses have increased in the last year from 232,000 in 2021/22 to 248,000 in 2022/23*, accordin...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleWill the absence of these clearances increases the risk of discovering tax liabilities after the dissolution of the company, leading to financial burd...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleLandmark victory for UK freelancers as media Presenter Kaye Adams wins nine-year IR35 case against HMRC Read More...
View articleIt is essential for crypto asset owners to take advantage of the new disclosure facility and seek specialist advice when necessary Read More...
View articleNavigate the complexities of HMRC's new tax rules for freelancers and partnerships with our in-depth analysis of the upcoming changes for the 2024-25 ...
View articleThe successful implementation of MTD depends on the government's ability to address the concerns raised by stakeholders and provide a transparent and ...
View articleAt the end of September, HMRC announced new restrictions to the Agent Dedicated Line (ADL). Helen Thornley, technical officer at the ATT, breaks down ...
View articleThe proportion of telephone adviser attempts handled declined from 77.3% in 2021, to 71.1% - dropping further adrift of HMRC’s target of 85% Read More...
View articleThe tax office’s compliance activity has been described as “practically non-existent” Read More...
View articleThe tax authority disclosed that it had not hired any contractors outside the scope of the IR35 legislation between 2022 and 2023 Read More...
View articleMany have criticised the pace of change in the UK's R&D regime in recent years Read More...
View articleIn an exclusive interview with Accountancy Age, HMRC’s Joanna Rowland says collaboration with industry stakeholders is becoming ‘invaluable’ to the de...
View articleHMRC revealed that it had not recruited any contractors outside the scope of the IR35 legislation in the last year Read More...
View articleBetween 2021 and 2022, HMRC responded to 39.5% of postal queries within 15 days, compared to 70.3% between 2019 and 2020, according to a recent Public...
View articleThe tax authority has faced increasing backlash due to dwindling service levels in recent months Read More...
View articleHMRC believes its Single Customer Account (SCA) scheme, which is expected to be in place by 2025, will transform its digital service offering Read Mor...
View articleLineker won his case against HMRC over a £4.9m tax bill for income he earned from 2013 to 2014 and 2017 to 2018 Read More...
View articleThe closure is intended to reduce the burden on HMRC phone lines and prioritise 'urgent' cases Read More...
View articleATT Technical Officer Helen Thornley looks at the latest consultation from HMRC about how to improve the processes of testing of new systems and polic...
View article