HMRC nets £3.3bn in underpaid VAT from SMEs
HMRC

HMRC nets £3.3bn in underpaid VAT from SMEs

7y Accountancy Age

HMRC nets £3.3bn in underpaid VAT from SMEs

VAT is a key area of focus for HMRC, with further inquiries likely to follow, according to tax investigation insurance specialists PfP Read More...

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E-books reduced VAT proposals “may not benefit” UK consumers
Business Regulation

E-books reduced VAT proposals “may not benefit” UK consumers

7y Stephanie Wix , Writer

E-books reduced VAT proposals “may not benefit” UK...

The UK consumers “may not benefit” from the European Commission’s proposals on e-books Read More...

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'Innocent' companies will be hit by tough HMRC anti-fraud powers
Corporate Tax

'Innocent' companies will be hit by tough HMRC anti-fraud powers

8y Stephanie Wix , Writer

'Innocent' companies will be hit by tough HMRC ant...

Civil penalties could hit companies unwittingly involved in VAT fraud, warns UHY Hacker Young Read More...

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Building company director banned for 7 years for VAT under-declaration
Corporate Tax

Building company director banned for 7 years for VAT under-declaration

8y Richard Crump , Writer

Building company director banned for 7 years for V...

The director of a building firm in West Wales has been disqualified from acting as a director for under-declaring sales on VAT returns. Read More...

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Berkshire motor business VAT fraudsters sentenced
Corporate Tax

Berkshire motor business VAT fraudsters sentenced

8y Richard Crump , Writer

Berkshire motor business VAT fraudsters sentenced

The former owners of a Maidenhead motor dealership who illegally claimed an £86,000 VAT repayment have been sentenced Read More...

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HMRC revises VAT treatment of dwellings
Personal Tax

HMRC revises VAT treatment of dwellings

8y Richard Crump , Writer

HMRC revises VAT treatment of dwellings

HMRC has outlined a change in VAT policy to the treatment of dwellings that have been formed from either the construction of new buildings, or from th...

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Directors of management accounting business disqualified
People Business

Directors of management accounting business disqualified

8y Richard Crump , Writer

Directors of management accounting business disqua...

Directors of a company that provided management accounting services to schools have been disqualified for neglecting the company’s tax affairs Read Mo...

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Sports professionals in line for VAT clampdown, UHY Hacker Young claims
Personal Tax

Sports professionals in line for VAT clampdown, UHY Hacker Young claims

8y Richard Crump , Writer

Sports professionals in line for VAT clampdown, UH...

Sports professionals could be in line for a targeted tax clampdown with new restrictions being placed on their ability to claim back tax Read More...

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The growth and challenges of digital sales taxes globally
Corporate Tax

The growth and challenges of digital sales taxes globally

8y Accountancy Age

The growth and challenges of digital sales taxes g...

The application of sales taxes on digital goods and services is growing. John McCarthy, CEO of Taxamo, highlights the developments and challenges with...

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CIoT urges government to rethink VAT approach to online traders
Corporate Tax

CIoT urges government to rethink VAT approach to online traders

8y Richard Crump , Writer

CIoT urges government to rethink VAT approach to o...

The CIoT has called on the government to rethink its approach to ensuring online sellers pay the correct amount of VAT. Read More...

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Taking Stock: Harry Potter and the curse of the £1m VAT refund
Legal

Taking Stock: Harry Potter and the curse of the £1m VAT refund

8y Taking Stock

Taking Stock: Harry Potter and the curse of the £1...

Harry Potter actor Rupert Grint is looking to cast a spell over HMRC... Read More...

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HMRC wins £1m VAT battle against environmental charity
Company News

HMRC wins £1m VAT battle against environmental charity

8y Fraser Simpson , Reporter

HMRC wins £1m VAT battle against environmental cha...

Environment charity Friends of the Earth has lost its £1m VAT appeal against HMRC Read More...

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UK votes to leave EU – accountancy profession reacts
Accounting Firms

UK votes to leave EU – accountancy profession reacts

8y Fraser Simpson , Reporter

UK votes to leave EU – accountancy profession reac...

The accountancy world has reacted to the news that the UK has voted to leave the EU Read More...

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MHA MacIntyre Hudson picks Berry as Midlands partner
Accounting Firms

MHA MacIntyre Hudson picks Berry as Midlands partner

8y Fraser Simpson , Reporter

MHA MacIntyre Hudson picks Berry as Midlands partn...

VAT specialist Neil Berry has been promoted to tax partner by MHA MacIntyre Hudson Read More...

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HMRC calls for extra time in Spot the Ball legal battle
Corporate Tax

HMRC calls for extra time in Spot the Ball legal battle

8y Fraser Simpson , Reporter

HMRC calls for extra time in Spot the Ball legal b...

HMRC is set to take its £97m VAT battle with Sportech to the Supreme Court Read More...

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Bishop Fleming launches new cloud accounting product
Accounting Firms

Bishop Fleming launches new cloud accounting product

8y Richard Crump , Writer

Bishop Fleming launches new cloud accounting produ...

The package incorporates Xero as its accounting engine and has a number of core elements such as tax and VAT compliance returns Read More...

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Bid to cut VAT bill on wedding venue hire rejected by Tribunal
Administration

Bid to cut VAT bill on wedding venue hire rejected by Tribunal

8y Richard Crump , Writer

Bid to cut VAT bill on wedding venue hire rejected...

HMRC assessed the company for over £50,000 of underpaid VAT relating to the hire of the hotel’s Tamarisk Room Read More...

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EU VAT Action Plan: The future of an illusion
Corporate Tax

EU VAT Action Plan: The future of an illusion

8y Nicholas Hallam

EU VAT Action Plan: The future of an illusion

With the EU referendum just days away, the EU is between a VAT rock and a hard place Read More...

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Tax headache for UK firms as HMRC changed its bank details without telling them
Corporate Tax

Tax headache for UK firms as HMRC changed its bank details without telling ...

8y Fraser Simpson , Reporter

Tax headache for UK firms as HMRC changed its bank...

Some UK businesses have been unable to pay their taxes after HMRC changed its IBAN code without telling them Read More...

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Adult colouring books could draw in VAT charges
Company News

Adult colouring books could draw in VAT charges

8y Fraser Simpson , Reporter

Adult colouring books could draw in VAT charges

Flourishing adult colouring book industry could be facing a bill for millions in VAT payments Read More...

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NHS wins multi-million VAT battle after HMRC climbdown
Corporate Tax

NHS wins multi-million VAT battle after HMRC climbdown

8y Fraser Simpson , Reporter

NHS wins multi-million VAT battle after HMRC climb...

NHS wins multi-million pound battle with HMRC over 40 years' worth of overpaid VAT, after HMRC agreed to no longer oppose outstanding appeals Read Mor...

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Spot the claim: Sportech wins £97m in VAT battle
Corporate Tax

Spot the claim: Sportech wins £97m in VAT battle

8y Fraser Simpson , Reporter

Spot the claim: Sportech wins £97m in VAT battle

Betting firm wins latest battle in long-running case against HMRC over unpaid VAT Read More...

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How Brexit will change the UK tax environment
Corporate Tax

How Brexit will change the UK tax environment

8y Accountancy Age

How Brexit will change the UK tax environment

Phillip Gershuny, senior tax partner at Hogan Lovells, outlines how a European exit could affect UK taxes Read More...

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EU’s MOSS changes could see UK companies charging French VAT
Accounting Firms

EU’s MOSS changes could see UK companies charging French VAT

8y Fraser Simpson , Reporter

EU’s MOSS changes could see UK companies charging ...

London accountancy firm Blick Rothenberg warns of potential damages VAT changes could cause UK businesses Read More...

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‘Flawed’ HMRC VAT thinking costing micro business, claims ATT
Accounting Standards

‘Flawed’ HMRC VAT thinking costing micro business, claims ATT

8y Fraser Simpson , Reporter

‘Flawed’ HMRC VAT thinking costing micro business,...

Tax association is calling on HMRC to review its guidance around the VAT flat rate scheme to help SME owners Read More...

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Harrow accountant convicted of Gift Aid fraud
Administration

Harrow accountant convicted of Gift Aid fraud

8y Richard Crump , Writer

Harrow accountant convicted of Gift Aid fraud

HMRC investigation finds Harrow accountant guilty of Gift Aid and VAT fraud Read More...

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Would Brexit mean the end of VAT in the UK?
Politics

Would Brexit mean the end of VAT in the UK?

8y Nicholas Hallam

Would Brexit mean the end of VAT in the UK?

The EU's new VAT Action Plan plan could itself become a factor in whether Brexit occurs, writes Nicholas Hallam, chief executive of VAT consultancy Ac...

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