75% of independent hospitality businesses say a VAT cut is vital to their survival
Tax

75% of independent hospitality businesses say a VAT cut is vital to their s...

5m Accountancy Age

75% of independent hospitality businesses say a VA...

The UK Treasury must act now to prevent the avoidable damage that is being done to small and micro businesses by acute inflationary pressures across t...

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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  

5m Accountancy Age

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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Navigating the new normal: The strategic turn to outsourcing in R&D tax services
R&D

Navigating the new normal: The strategic turn to outsourcing in R&D tax ser...

5m Rachael Kennedy

Navigating the new normal: The strategic turn to o...

Amidst complex regulations and a crackdown on fraud, UK accounting firms are increasingly turning to outsourcing as a strategic approach to ensure com...

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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

5m Accountancy Age

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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Research shows a significant increase in HMRC tax investigations – now a quarter of a million opened per year
Tax

Research shows a significant increase in HMRC tax investigations – now a qu...

6m Accountancy Age

Research shows a significant increase in HMRC tax ...

HMRC 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...

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Jeremy Hunt hints at further tax cuts at Davos: What accountants need to know
Budget

Jeremy Hunt hints at further tax cuts at Davos: What accountants need to kn...

6m Rachael Kennedy

Jeremy Hunt hints at further tax cuts at Davos: Wh...

UK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...

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84% of tax professionals fear double taxation as Pillar 2 looms
Corporate Tax

84% of tax professionals fear double taxation as Pillar 2 looms

6m Accountancy Age

84% of tax professionals fear double taxation as P...

The legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...

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HMRC issues second warning to crypto users
Personal Tax

HMRC issues second warning to crypto users

6m Accountancy Age

HMRC issues second warning to crypto users

HMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...

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UK Accountants brace for significant tax changes in 2024
Administration

UK Accountants brace for significant tax changes in 2024

6m Accountancy Age

UK Accountants brace for significant tax changes i...

The upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...

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What to expect in 2024 (it's not just AI!)
Business

What to expect in 2024 (it's not just AI!)

7m Rachael Kennedy

What to expect in 2024 (it's not just AI!)

The accountancy market in the UK is on the brink of transformation in 2024. As technology continues to advance and the business landscape evolves, acc...

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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?

7m Rachael Kennedy

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

7m Accountancy Age

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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What should accountants take away from Amazon's $270 million tax win?
Business

What should accountants take away from Amazon's $270 million tax win?

7m Accountancy Age

What should accountants take away from Amazon's $2...

Accountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...

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Sunak employs Thatcher-like tactics with taxation shift
Corporate Tax

Sunak employs Thatcher-like tactics with taxation shift

7m Accountancy Age

Sunak employs Thatcher-like tactics with taxation ...

As the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...

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New HMRC tax rules set to impact online sellers
HMRC

New HMRC tax rules set to impact online sellers

7m 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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25% of total income and capital gains tax paid by 100,000 taxpayers
Personal Tax

25% of total income and capital gains tax paid by 100,000 taxpayers

7m Accountancy Age

25% of total income and capital gains tax paid by ...

HMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...

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

Kaye Adams defeat of HMRC should set IR35 precedent

7m Accountancy Age

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

7m Accountancy Age

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

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

7m Accountancy Age

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

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

8m 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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Can you claim expenses if you now work from home?
Tax

Can you claim expenses if you now work from home?

9m Daniel Tannenbaum

Can you claim expenses if you now work from home?

With more people in the UK working from home, the costs associated with remote working can start to add up and there are some real savings if you can ...

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Exploring the opportunities of Generative AI in corporate tax: trends, benefits, and challenges
Tax

Exploring the opportunities of Generative AI in corporate tax: trends, bene...

9m Liz Salecka

Exploring the opportunities of Generative AI in co...

Digitalisation is already having a major impact on the way companies run their tax departments and meet new, and ongoing changes, to tax regulations g...

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Duality of purpose: Social media blurs the lines
Personal Tax

Duality of purpose: Social media blurs the lines

10m Steven Pinhey , Technical officer, ATT

Duality of purpose: Social media blurs the lines

Steven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...

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EU VAT changes could still impact UK firms, experts warn
Regulation

EU VAT changes could still impact UK firms, experts warn

11m Rob Griffin

EU VAT changes could still impact UK firms, expert...

Businesses urged to prepare for next year’s regulatory overhaul. Read More...

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Overcoming tax compliance hurdles in an ever-changing regulatory landscape
Tax

Overcoming tax compliance hurdles in an ever-changing regulatory landscape

11m Liz Salecka

Overcoming tax compliance hurdles in an ever-chang...

Although indirect tax compliance is still a major headache for companies operating globally, some solutions can help their tax teams overcome many of ...

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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

11m 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?

11m 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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