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...
View article28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 to £90,000 Read More...
View articleFollowing the Chancellor’s Spring Budget on March 6, the Association of Chartered Certified Accountants (ACCA) surveyed its members for their insight ...
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 articleHM Treasury’s response to questions posed by the Association of Accounting Technicians (AAT) regarding proposed reforms to anti-money laundering...
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 articleThe House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleAmidst rising fraud and complexity, the consolidation of the UK’s R&D advisory market could be the key to unlocking reliable, efficient, and compliant...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
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 articleDiscover the critical aspects of end-of-year preparation for accountants managing limited company clients, from tax planning to compliance and effecti...
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 articleSir John Redwood is advocating for Jeremy Hunt to include a series of “economical” tax reductions in his November 22 Autumn Statement Read More...
View articleThe cumulative corporation tax earnings from April to September reached £43.3 billion Read More...
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 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...
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 articleIn April 2023, HMRC launched a consultation on the IR35 off-payroll working rules, with the prospect of eradicating the double taxation problem Read M...
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 articleATT 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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