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 tax system

4d Accountancy Age, Reporters

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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HMRC admits MTD will be costly for landlords

HMRC HMRC admits MTD will be costly for landlords

3w Rachael King

HMRC admits MTD will be costly for landlords

HM Revenue & Customs (HMRC) has acknowledged the financial and time costs that landlords will face due to the Making Tax Digital (MTD) initiative....

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HM Treasury adds uncertainty on AML reform

HMRC HM Treasury adds uncertainty on AML reform

1m Accountancy Age, Reporters

HM Treasury adds uncertainty on AML reform

HM Treasury’s response to questions posed by the Association of Accounting Technicians (AAT) regarding proposed reforms to anti-money laundering...

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HMRC collects £1bn in unpaid tax from landfill tax investigations  

HMRC HMRC collects £1bn in unpaid tax from landfill tax investigations  

1m Accountancy Age, Reporters

HMRC collects £1bn in unpaid tax from landfill tax...

  HMRC has collected £1bn in extra revenue from investigations into underpaid landfill tax over the past 5 years, with £281m collected in the las...

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R&D tax changes risk deterring business investment, Lords report warns

HMRC R&D tax changes risk deterring business investment, Lords report warns

2m Accountancy Age, Reporters

R&D tax changes risk deterring business investment...

The House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...

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HMRC to mandate payrolling of benefits from April 2026: Implications and preparations for accountants

Business HMRC to mandate payrolling of benefits from April 2026: Implications and preparations for accountants

2m Accountancy Age, Reporters

HMRC to mandate payrolling of benefits from April ...

This regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...

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Is consolidation the answer to the UK’s R&D advisory problem?

HMRC Is consolidation the answer to the UK’s R&D advisory problem?

3m Rebeca Clark

Is consolidation the answer to the UK’s R&D adviso...

Amidst rising fraud and complexity, the consolidation of the UK’s R&D advisory market could be the key to unlocking reliable, efficient, and compliant...

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Phil Thompson loses IR35 case

HMRC Phil Thompson loses IR35 case

3m Accountancy Age, Reporters

Phil Thompson loses IR35 case

The recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...

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HMRC shifts greater responsibility to insolvency practitioners following cessation tax clearance services

HMRC HMRC shifts greater responsibility to insolvency practitioners following cessation tax clearance services

3m Accountancy Age, Reporters

HMRC shifts greater responsibility to insolvency p...

Will the absence of these clearances increases the risk of discovering tax liabilities after the dissolution of the company, leading to financial burd...

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New HMRC tax rules set to impact online sellers

HMRC New HMRC tax rules set to impact online sellers

3m Rachael Kennedy

New HMRC tax rules set to impact online sellers

From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...

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Kaye Adams defeat of HMRC should set IR35 precedent

Brexit & Economy Kaye Adams defeat of HMRC should set IR35 precedent

3m Accountancy Age, Reporters

Kaye Adams defeat of HMRC should set IR35 preceden...

Landmark victory for UK freelancers as media Presenter Kaye Adams wins nine-year IR35 case against HMRC Read More...

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HMRC launches campaign targeting crypto tax evaders

Digital assets HMRC launches campaign targeting crypto tax evaders

4m Accountancy Age, Reporters

HMRC launches campaign targeting crypto tax evader...

It is essential for crypto asset owners to take advantage of the new disclosure facility and seek specialist advice when necessary Read More...

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Master the art of end-of-year prep for Limited Company clients

Business Master the art of end-of-year prep for Limited Company clients

4m Accountancy Age, Reporters

Master the art of end-of-year prep for Limited Com...

Discover the critical aspects of end-of-year preparation for accountants managing limited company clients, from tax planning to compliance and effecti...

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HMRC's new taxation rules for freelancers will mean significant adjustments

HMRC HMRC's new taxation rules for freelancers will mean significant adjustments

4m Accountancy Age, Reporters

HMRC's new taxation rules for freelancers will mea...

Navigate 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 ...

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Veteran Conservative MP IR35 tenacity ‘welcomed’ by industry

Contracting Veteran Conservative MP IR35 tenacity ‘welcomed’ by industry

5m Greg Noble

Veteran Conservative MP IR35 tenacity ‘welcomed’ b...

Sir John Redwood is advocating for Jeremy Hunt to include a series of “economical” tax reductions in his November 22 Autumn Statement Read More...

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Significant tax changes in Autumn Statement could be viewed ‘negatively’ by businesses

Budget Significant tax changes in Autumn Statement could be viewed ‘negatively’ by businesses

5m Greg Noble

Significant tax changes in Autumn Statement could ...

The cumulative corporation tax earnings from April to September reached £43.3 billion Read More...

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As resources wear thin, HMRC must turn to digital

HMRC As resources wear thin, HMRC must turn to digital

5m Helen Thornley, ATT Technical Officer

As resources wear thin, HMRC must turn to digital

At the end of September, HMRC announced new restrictions to the Agent Dedicated Line (ADL). Helen Thornley, technical officer at the ATT, breaks down ...

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WATCH: Scepticism growing towards MTD for ITSA

HMRC WATCH: Scepticism growing towards MTD for ITSA

6m Greg Noble

WATCH: Scepticism growing towards MTD for ITSA

The most recent postponement marks the fifth time that MTD for ITSA has been pushed back from its initial target date of April 2018 Read More...

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AAT: HMRC needs more support and longer-term thinking

HMRC AAT: HMRC needs more support and longer-term thinking

6m Adam Harper, Director of professional standards and policy, AAT

AAT: HMRC needs more support and longer-term think...

The 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...

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IR35 double taxation removal could be ‘huge moment’

Contracting IR35 double taxation removal could be ‘huge moment’

6m Greg Noble

IR35 double taxation removal could be ‘huge moment...

In April 2023, HMRC launched a consultation on the IR35 off-payroll working rules, with the prospect of eradicating the double taxation problem Read M...

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HMRC must demonstrate commitment to umbrella company regulation, experts say

HMRC HMRC must demonstrate commitment to umbrella company regulation, experts say

7m Sam Alberti

HMRC must demonstrate commitment to umbrella compa...

The tax office’s compliance activity has been described as “practically non-existent” Read More...

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HMRC has effectively ‘banned’ outside IR35 contractors amid customer service woes

Contracting HMRC has effectively ‘banned’ outside IR35 contractors amid customer service woes

7m Greg Noble

HMRC has effectively ‘banned’ outside IR35 contrac...

The tax authority disclosed that it had not hired any contractors outside the scope of the IR35 legislation between 2022 and 2023 Read More...

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HMRC scrutiny driving surge in R&D outsourcing, expert says

HMRC HMRC scrutiny driving surge in R&D outsourcing, expert says

7m Sam Alberti

HMRC scrutiny driving surge in R&D outsourcing, ex...

Many have criticised the pace of change in the UK's R&D regime in recent years Read More...

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Self Assessment threshold change: Solution or problem?

HMRC Self Assessment threshold change: Solution or problem?

7m David Wright, ATT technical officer

Self Assessment threshold change: Solution or prob...

ATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...

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EXCLUSIVE: HMRC ‘can't rush’ digital transformation amid customer service woes

HMRC EXCLUSIVE: HMRC ‘can't rush’ digital transformation amid customer service woes

7m Greg Noble

EXCLUSIVE: HMRC ‘can't rush’ digital transformatio...

In an exclusive interview with Accountancy Age, HMRC’s Joanna Rowland says collaboration with industry stakeholders is becoming ‘invaluable’ to the de...

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HMRC ‘suppresses growth’ by avoiding contractors outside IR35 in last year

Contracting HMRC ‘suppresses growth’ by avoiding contractors outside IR35 in last year

8m Greg Noble

HMRC ‘suppresses growth’ by avoiding contractors o...

HMRC revealed that it had not recruited any contractors outside the scope of the IR35 legislation in the last year Read More...

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HMRC responds to postal concerns with new taskforce

HMRC HMRC responds to postal concerns with new taskforce

8m Greg Noble

HMRC responds to postal concerns with new taskforc...

Between 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...

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