125 CFOs fined by HMRC this year
HMRC

125 CFOs fined by HMRC this year

5y Emanuela Hawker , Reporter

125 CFOs fined by HMRC this year

International law firm, Pinsent Masons, has reported that this is a 9% increase in fines when compared to previous year Read More...

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HMRC buckling under Brexit and MTD?
HMRC

HMRC buckling under Brexit and MTD?

5y Richard Asquith , Avalara

HMRC buckling under Brexit and MTD?

Richard Asquith, VP of global indirect tax at Avalara, considers the monumental pressure HMRC faces in the face of the likes of MTD and Brexit Read Mo...

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HMRC pilot for MTD now public
MTD

HMRC pilot for MTD now public

5y Emanuela Hawker , Reporter

HMRC pilot for MTD now public

According to AAT, around 500,000 businesses are now eligible to join HMRC’s live pilot for MTD for VAT Read More...

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£2.5bn underpayment by UK tech sector, according to HMRC
HMRC

£2.5bn underpayment by UK tech sector, according to HMRC

5y Emanuela Hawker , Reporter

£2.5bn underpayment by UK tech sector, according t...

UK tech companies are the latest focus for HMRC as they look to increase the revenue made from the growing industry, Moore Stephens has stated Read Mo...

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R&D tax relief claims are rising, HMRC report reveals
Corporate Tax

R&D tax relief claims are rising, HMRC report reveals

6y Emanuela Hawker , Reporter

R&D tax relief claims are rising, HMRC report ...

There has been a percentage increase in the number of claims made by companies, but more needs to be done Read More...

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HMRC investigations into inheritance tax up by 5%
HMRC

HMRC investigations into inheritance tax up by 5%

6y Emanuela Hawker , Reporter

HMRC investigations into inheritance tax up by 5%

UHY Hacker Young says that HMRC is treating inheritance tax as a 'lucrative source of income' Read More...

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HMRC fraud investigation team collected £5.47bn in extra tax equaling 7% rise on last year
HMRC

HMRC fraud investigation team collected £5.47bn in extra tax equaling 7% ri...

6y Emanuela Hawker , Reporter

HMRC fraud investigation team collected £5.47bn in...

HMRC looking to expand further on the 13% increase from civil investigations Read More...

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What does HMRC advise businesses on VAT fraud prevention?
VAT

What does HMRC advise businesses on VAT fraud prevention?

6y Nicola Sharp , Senior Associate Solicitor

What does HMRC advise businesses on VAT fraud prev...

HMRC explains that companies can avoid VAT penalties in future “by not becoming involved in any transactions connected with VAT fraud’’ Read More...

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HMRC property raids reduce by 30% through use of AI and big data
HMRC

HMRC property raids reduce by 30% through use of AI and big data

6y Accountancy Age

HMRC property raids reduce by 30% through use of A...

HMRC is leveraging sophisticated algorithms and big data sources to gather evidence with greater ease and efficiency than property raids Read More...

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Small businesses feel penalised by “intensive” HMRC investigations
HMRC

Small businesses feel penalised by “intensive” HMRC investigations

6y Accountancy Age

Small businesses feel penalised by “intensive” HMR...

Research commissioned by HMRC showed that over half of small businesses find HMRC investigations too intensive and disruptive Read More...

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HMRC joins international coalition J5 to combat tax crime
HMRC

HMRC joins international coalition J5 to combat tax crime

6y Accountancy Age

HMRC joins international coalition J5 to combat ta...

The 5 member countries will collaborate to tackle international tax crime, money laundering and threats posed by cryptocurrencies and cybercrime Read ...

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Brexit: HMRC estimates “max-fac” model or “no deal” could cost £20bn
Brexit & Economy

Brexit: HMRC estimates “max-fac” model or “no deal” could cost £20bn

6y Accountancy Age

Brexit: HMRC estimates “max-fac” model or “no deal...

After causing a stir by estimating the Brexiteer-favoured "max-fac" customs arrangement could cost upto £20bn, HMRC chief Jon Thompson returned to the...

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What can HMRC’s Agent Forum do for me?
Tax

What can HMRC’s Agent Forum do for me?

6y Helen Thornley , ATT Technical Officer

What can HMRC’s Agent Forum do for me?

HMRC has been carrying out an email campaign to encourage more tax agents to sign up to the Agent Forum and engage with the conversations online. What...

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HMRC scaling back digital projects to ‘release project capability to EU Exit work’
Brexit

HMRC scaling back digital projects to ‘release project capability to EU Exi...

6y Accountancy Age

HMRC scaling back digital projects to ‘release pro...

This comes months after the PAC expressed concern over the tax authority’s “risky” decision to pursue 15 major transformation programmes and over 260 ...

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HMRC rate of return on large business investigations increases by 17%
HMRC

HMRC rate of return on large business investigations increases by 17%

6y Accountancy Age

HMRC rate of return on large business investigatio...

The return on investment per pound spent by HMRC on large business investigations has increased by 17% in the year ending 31 March, according to law f...

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HMRC’s VAT fraud agreement – how has the accountancy industry responded?
VAT

HMRC’s VAT fraud agreement – how has the accountancy industry responded?

6y Accountancy Age

HMRC’s VAT fraud agreement – how has the accountan...

HMRC has announced an agreement to tackle VAT fraud on online marketplace platforms, committing online marketplace signatories to a number of measures...

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HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs
Big Four

HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

6y Accountancy Age

HMRC’s refusal to raid top Tory donor Lycamobile t...

After a French probe into Lycamobile uncovered money laundering and tax fraud, HMRC refused to raid the company, citing its political donations Read M...

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HMRC nets record £5.3bn in inheritance tax
Tax

HMRC nets record £5.3bn in inheritance tax

6y Accountancy Age

HMRC nets record £5.3bn in inheritance tax

The revenue authority’s inheritance tax take has increased by 13% compared to the £4.7bn collected in 2016-17 Read More...

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HMRC opens Making Tax Digital Income Tax pilot to all self-employed
Business

HMRC opens Making Tax Digital Income Tax pilot to all self-employed

6y Accountancy Age

HMRC opens Making Tax Digital Income Tax pilot to ...

Anyone who is self-employed can now enter the Making Tax Digital Income Tax pilot Read More...

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What are the implications of HMRC’s IR35 victory against BBC presenter?
HMRC

What are the implications of HMRC’s IR35 victory against BBC presenter?

6y Accountancy Age

What are the implications of HMRC’s IR35 victory a...

As the first IR35 victory for the Revenue in nine years, the case against Christa Ackroyd will likely have implications for similar cases as well as f...

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

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

6y Accountancy Age

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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Jon Thompson, CEO, HMRC
People In Business

Jon Thompson, CEO, HMRC

6y Accountancy Age

Jon Thompson, CEO, HMRC

Thompson is leading the transformation of HMRC, including Making Tax Digital Read More...

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Jim Harra, Second Permanent Secretary, HMRC
People In Business

Jim Harra, Second Permanent Secretary, HMRC

6y Accountancy Age

Jim Harra, Second Permanent Secretary, HMRC

Harra takes over from Edward Troup and prepares to use his wealth of HMRC experience to influence key changes this year 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

6y Accountancy Age

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’

6y Accountancy Age

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

6y Accountancy Age

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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HMRC executive chair knighted for services to taxpayers and the tax system
People In Practice

HMRC executive chair knighted for services to taxpayers and the tax system

6y Accountancy Age

HMRC executive chair knighted for services to taxp...

Former HMRC executive chair and permanent secretary Ed Troup has received a knighthood in the 2018 honours list Read More...

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Top 5 HMRC disputes of 2017
HMRC

Top 5 HMRC disputes of 2017

6y Accountancy Age

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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