Is HMRC’s increased VAT take unfairly impacting small businesses?

HMRC Is HMRC’s increased VAT take unfairly impacting small businesses?

4y Alia Shoaib, Reporter

Is HMRC’s increased VAT take unfairly impacting sm...

VAT receipts now make up 21% (£124bn) of HMRC’s tax take, up from 16% during the recession, but this can cause cash flow problems for small businesses...

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Mel Stride, Financial Secretary to the Treasury

Brexit Mel Stride, Financial Secretary to the Treasury

4y Lucy Skoulding, Reporter

Mel Stride, Financial Secretary to the Treasury

Stride was appointed Financial Secretary in June 2017, and will have significant impact on taxes, public spending, and our economy in 2018 Read More...

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Paul Morton, Tax Director, Office of Tax Simplification

Administration Paul Morton, Tax Director, Office of Tax Simplification

4y Emma Smith, Managing Editor

Paul Morton, Tax Director, Office of Tax Simplific...

Morton became Tax Director of the Office of Tax Simplification, an independent office of HM Treasury, in 2017 Read More...

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HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4y Emma Smith, Managing Editor

HMRC large business tax enquiry duration rises to ...

In 2016-17, the average length of time to settle a tax investigation rose to 34 months, up from 31 months in 2015-16. The tax authority has also incre...

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PAC: HMRC transformation plan has ‘potentially catastrophic consequences’

HMRC PAC: HMRC transformation plan has ‘potentially catastrophic consequences’

4y Emma Smith, Managing Editor

PAC: HMRC transformation plan has ‘potentially cat...

The Public Accounts Committee has expressed concern over HMRC's handling of its transformation programme, its pace of response to the Paradise Papers ...

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HMRC forces Apple to pay £137m in back taxes

HMRC HMRC forces Apple to pay £137m in back taxes

4y Alia Shoaib, Reporter

HMRC forces Apple to pay £137m in back taxes

The company’s Europe branch agreed to pay the back taxes as well as £57m corporate tax for the period ending April 2017 Read More...

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Top 5 HMRC disputes of 2017

HMRC Top 5 HMRC disputes of 2017

5y Alia Shoaib, Reporter

Top 5 HMRC disputes of 2017

As part of its aims to crack down on tax avoidance and evasion, HMRC has been involved in a number of high profile court cases and investigations in t...

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How to avoid HMRC scam emails and phone calls

HMRC How to avoid HMRC scam emails and phone calls

5y Emma Smith, Managing Editor

How to avoid HMRC scam emails and phone calls

How can you identify a scam email as opposed to official HMRC communication? This guide details what to watch out for and best practices to follow whi...

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HMRC ‘deliberate error’ penalties up by 19%

HMRC HMRC ‘deliberate error’ penalties up by 19%

5y Emma Smith, Managing Editor

HMRC ‘deliberate error’ penalties up by 19%

The number of penalties issued by HMRC to taxpayers for intentionally submitting an erroneous tax return increased by 19% in 2016-17, compared to the ...

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HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

5y Emma Smith, Managing Editor

HMRC appeal rejected in Tottenham Hotspur case

The Upper Tribunal has rejected an appeal from HMRC in a case relating to the taxation of termination payments made to football player employees of To...

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HMRC issues fines to 115 finance directors, senior finance executives

HMRC HMRC issues fines to 115 finance directors, senior finance executives

5y Emma Smith, Managing Editor

HMRC issues fines to 115 finance directors, senior...

The fines were made under the Senior Accounting Officer regime, with the total number of penalties issued having increased 150% over the past five yea...

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HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

5y Emma Smith, Managing Editor

HMRC issues updated Trusts Registration Service gu...

The revised guidance sets out the circumstances under which trustees need to disclose the identities of beneficiaries to HMRC Read More...

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Paradise Papers: The role of the accountant

HMRC Paradise Papers: The role of the accountant

5y Alia Shoaib, Reporter

Paradise Papers: The role of the accountant

The leaks have reignited a public debate about the structures that permit tax avoidance and the professionals complicit in creating them Read More...

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How simple is Simple Assessment?

HMRC How simple is Simple Assessment?

5y Helen Thornley, ATT Technical Officer

How simple is Simple Assessment?

The concept of Simple Assessment has been in development since December 2015. So, what is it, and who will be affected? Read More...

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HMRC victorious in £1.25bn VAT dispute with Littlewoods

HMRC HMRC victorious in £1.25bn VAT dispute with Littlewoods

5y Alia Shoaib, Reporter

HMRC victorious in £1.25bn VAT dispute with Little...

Ending a decade long legal battle, the Supreme Court has ruled HMRC does not have to pay Littlewoods £1.25bn in compound interest Read More...

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Tax gap closes to record low

HMRC Tax gap closes to record low

5y Austin Clark, Editor

Tax gap closes to record low

Statistics from HMRC reveal the UK tax gap fell to a record low of 6% in the 2015/16 tax year Read More...

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Bumper year for HMRC as taxes on wealthy bite

HMRC Bumper year for HMRC as taxes on wealthy bite

5y Austin Clark, Editor

Bumper year for HMRC as taxes on wealthy bite

Tax receipts in biggest leap since recession, accountancy network says Read More...

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HMRC triumphs over tax avoidance scheme expected to net £325m

HMRC HMRC triumphs over tax avoidance scheme expected to net £325m

5y Alia Shoaib, Reporter

HMRC triumphs over tax avoidance scheme expected t...

The Upper Tribunal ruled the scheme was “artificial and uncommercial” Read More...

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HMRC ‘slow to act’ on VAT fraud, tougher stance needed for online marketplaces

HMRC HMRC ‘slow to act’ on VAT fraud, tougher stance needed for online marketplaces

5y Emma Smith, Managing Editor

HMRC ‘slow to act’ on VAT fraud, tougher stance ne...

The Public Accounts Committee has called on HMRC to act with urgency to tackle VAT fraud, and disputed that the revenue authority has the ability to c...

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HMRC probing Manchester United players over image rights tax dodges

HMRC HMRC probing Manchester United players over image rights tax dodges

5y Alia Shoaib, Reporter

HMRC probing Manchester United players over image ...

HMRC is probing at least two Manchester United players over potential image rights tax dodging that allegedly occured over the 2014-2015 season Read M...

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HMRC wins 22 out of 26 tax avoidance cases in 2016-17

HMRC HMRC wins 22 out of 26 tax avoidance cases in 2016-17

5y Alia Shoaib, Reporter

HMRC wins 22 out of 26 tax avoidance cases in 2016...

HMRC lost only three out of 26 tax avoidance cases taken to court last year and had one mixed result, positioning them as a formidable force Read More...

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HMRC collects an extra £3.4bn from SMEs in underpaid VAT

HMRC HMRC collects an extra £3.4bn from SMEs in underpaid VAT

5y Alia Shoaib, Reporter

HMRC collects an extra £3.4bn from SMEs in underpa...

VAT revenue made up 49% of the additional tax take from SMEs following HMRC investigations into SME tax compliance Read More...

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Court upholds ruling against HMRC’s position in Sports Direct EU VAT case

HMRC Court upholds ruling against HMRC’s position in Sports Direct EU VAT case

5y Alia Shoaib, Reporter

Court upholds ruling against HMRC’s position in Sp...

The Upper Tribunal Court has upheld a ruling in favour of Sports Direct and against HMRC’s position that the retail company owed millions in EU VAT Re...

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HMRC dawn raids increased by 34% in five years

HMRC HMRC dawn raids increased by 34% in five years

5y Alia Shoaib, Reporter

HMRC dawn raids increased by 34% in five years

This is part of HMRC’s efforts to clamp down on white collar tax evasion, and new legislation criminalising failure to prevent tax evasion will give H...

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HMRC invokes GAAR to clamp down on gold bullion tax avoidance schemes

HMRC HMRC invokes GAAR to clamp down on gold bullion tax avoidance schemes

5y Alia Shoaib, Reporter

HMRC invokes GAAR to clamp down on gold bullion ta...

The GAAR advisory panel stated that the use of gold as payments for employees is “abnormal and contrived” and “not a reasonable course of action” Read...

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HMRC appoints new director generals

HMRC HMRC appoints new director generals

5y Alia Shoaib, Reporter

HMRC appoints new director generals

HMRC has appointed new director generals to head their customer services and customer compliance groups Read More...

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HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5y Emma Smith, Managing Editor

HMRC tax evasion assistance requests double in fiv...

In 2012, HMRC made 591 requests to foreign governments. In 2016, this number stood at 1096, a 7% increase on 1025 requests made in 2015 Read More...

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