Knock knock – opening the door to the Agent Services Account
HMRC

Knock knock – opening the door to the Agent Services Account

8y Helen Thornley

Knock knock – opening the door to the Agent Servic...

As part of Making Tax Digital preparations, all agents will need to set up an Agent Services Account. How do you register, and how does it work? Read ...

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HMRC investigations into inheritance tax up by 5%
HMRC

HMRC investigations into inheritance tax up by 5%

8y 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...

8y 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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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

8y 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

8y 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

8y 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

8y 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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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...

8y 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%

8y 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 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

8y 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 opens Making Tax Digital Income Tax pilot to all self-employed
Business

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

8y 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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Incoming FCA chair admits “error in judgement” over investment in tax avoidance scheme
HMRC

Incoming FCA chair admits “error in judgement” over investment in tax avoid...

8y Accountancy Age

Incoming FCA chair admits “error in judgement” ove...

Randell took responsibility for the mistake but said the scheme had been discussed with senior policy officials at HMRC “who had indicated that they a...

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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?

8y 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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Guide to Making Tax Digital for individuals
HMRC

Guide to Making Tax Digital for individuals

8y Accountancy Age

Guide to Making Tax Digital for individuals

For individuals, the MTD scheme will allow taxpayers to view their tax information online and in one place through their personal tax account Read Mor...

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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?

8y 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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Mel Stride, Financial Secretary to the Treasury
Brexit

Mel Stride, Financial Secretary to the Treasury

8y Accountancy Age

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

8y Accountancy Age

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

8y 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’

8y 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

8y 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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Top 5 HMRC disputes of 2017
HMRC

Top 5 HMRC disputes of 2017

8y 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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How to avoid HMRC scam emails and phone calls
HMRC

How to avoid HMRC scam emails and phone calls

8y Accountancy Age

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%

8y Accountancy Age

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

8y Accountancy Age

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

8y Accountancy Age

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

8y Accountancy Age

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

9y Accountancy Age

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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