Struggles faced by sole traders revealed by HMRC tax record study
Business

Struggles faced by sole traders revealed by HMRC tax record study

7y Chris Jewers

Struggles faced by sole traders revealed by HMRC t...

One-fifth of self-employed sole traders don’t survive one year, and the majority don’t survive five. Read More...

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HMRC collects £37bn from new taxes introduced during the last decade
HMRC

HMRC collects £37bn from new taxes introduced during the last decade

7y Chris Jewers

HMRC collects £37bn from new taxes introduced duri...

HMRC has collected £37bn from brand-new taxes that it has introduced over the last decade, according to UHY Hacker Young. Read More...

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Taxpayers frustrated as HMRC toughens late self-assessment stance
HMRC

Taxpayers frustrated as HMRC toughens late self-assessment stance

7y Dave Beach

Taxpayers frustrated as HMRC toughens late self-as...

HMRC has fined 14% more people year-on-year for late self-assessment tax filing, leaving well-intentioned taxpayers frustrated. “The pool of people at...

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HMRC loses £13.2bn in tax to criminals 
HMRC

HMRC loses £13.2bn in tax to criminals 

7y Dave Beach

HMRC loses £13.2bn in tax to criminals 

HMRC statistics on the tax gap for 2017-2018 reveal overall underpaid tax has risen from £33bn in 2016-17 to £35bn, or 5.6% of all expected tax revenu...

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Phone security expert lauds HMRC’s response to scam surge
HMRC

Phone security expert lauds HMRC’s response to scam surge

7y Dave Beach

Phone security expert lauds HMRC’s response to sca...

New statistics from HMRC reveal a surge in phone scam reports, yet telco security experts, Callsign, have praised the taxman’s counter fraud efforts. ...

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Restaurants and takeaways make up a quarter of HMRC's named and shamed tax defaulters
HMRC

Restaurants and takeaways make up a quarter of HMRC's named and shamed tax ...

7y Beth McLoughlin

Restaurants and takeaways make up a quarter of HMR...

HMRC is targeting restaurants and takeaways, according to research by BDO, as financial stress makes evasion more tempting Read More...

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HMRC applied to shut down 4,160 businesses in 2018
HMRC

HMRC applied to shut down 4,160 businesses in 2018

7y Emanuela Hawker , Reporter

HMRC applied to shut down 4,160 businesses in 2018

Funding Options has shared their insights with Accountancy Age Read More...

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Are HMRC’s Accelerated Payment Notices proof of the taxman’s aggression?
HMRC

Are HMRC’s Accelerated Payment Notices proof of the taxman’s aggression?

7y Emanuela Hawker , Reporter

Are HMRC’s Accelerated Payment Notices proof of th...

RPC has reported that a percentage of APNs have been withdrawn by HMRC Read More...

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HMRC retrospective loan charge causing problems for contractors
HMRC

HMRC retrospective loan charge causing problems for contractors

7y Emanuela Hawker , Reporter

HMRC retrospective loan charge causing problems fo...

ContractorUK’s report has revealed some interesting insights Read More...

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Friction between HMRC and the taxpayer as the number of tribunal disputes continues to rise
HMRC

Friction between HMRC and the taxpayer as the number of tribunal disputes c...

7y Emanuela Hawker , Reporter

Friction between HMRC and the taxpayer as the numb...

Price Bailey has cited the adoption of software as enabling HMRC to more aggressively obtain results Read More...

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Property taxation is under increasing scrutiny
HMRC

Property taxation is under increasing scrutiny

7y Emanuela Hawker , Reporter

Property taxation is under increasing scrutiny

Saffery Champness has revealed that less than 3% of estimated eligible landlords have used HMRC’s Let Property Campaign Read More...

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HMRC putting increasing pressure on accountants and lawyers
HMRC

HMRC putting increasing pressure on accountants and lawyers

7y Emanuela Hawker , Reporter

HMRC putting increasing pressure on accountants an...

It has been revealed by RPC that HMRC has issued another 1,400 demands to accountancy and law firms in their attempt to crack down on tax evasion Read...

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HMRC's Profit Diversion Compliance Facility: what do businesses need to know?
HMRC

HMRC's Profit Diversion Compliance Facility: what do businesses need to kno...

7y Pinsent Masons

HMRC's Profit Diversion Compliance Facility: what ...

Jason Collins (partner) and Catherine Robins (partner) at Pinsent Masons write for Accountancy Age Read More...

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IR35 for the private sector concerning for UK contractors
HMRC

IR35 for the private sector concerning for UK contractors

7y Emanuela Hawker , Reporter

IR35 for the private sector concerning for UK cont...

ContractorUK has revealed research highlighting how the introduction of IR35 in the private sector has been considered by UK businesses Read More...

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428 individuals subject to ‘attachment of earnings’ by HMRC
HMRC

428 individuals subject to ‘attachment of earnings’ by HMRC

7y Emanuela Hawker , Reporter

428 individuals subject to ‘attachment of earnings...

HMRC took cash straight from their pay packets as a method of debt recovery Read More...

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21% increase in tax take in just 10 years
HMRC

21% increase in tax take in just 10 years

7y Emanuela Hawker , Reporter

21% increase in tax take in just 10 years

VAT is undeniably a secure form of revenue for HMRC as they continuously look to deal with the government’s deficit—but is it fair to the consumer? Re...

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Tax returns deadline fast approaching
HMRC

Tax returns deadline fast approaching

7y Emanuela Hawker , Reporter

Tax returns deadline fast approaching

Have you been proactive with your tax returns this year? ICAEW and Tilney argue that many are far from prepared Read More...

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Disguised Remuneration Schemes costing 25,500 taxpayers
HMRC

Disguised Remuneration Schemes costing 25,500 taxpayers

7y Emanuela Hawker , Reporter

Disguised Remuneration Schemes costing 25,500 taxp...

Pinsent Masons has revealed that thousands of taxpayers must settle with HMRC before April 2019 in order to avoid tax charges Read More...

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MTD – a Trojan Horse into your accounting records?
HMRC

MTD – a Trojan Horse into your accounting records?

7y Richard Asquith

MTD – a Trojan Horse into your accounting records?

Richard Asquith, VP Global Indirect Tax at Avalara details what is happening next with Making Tax Digital Read More...

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125 CFOs fined by HMRC this year
HMRC

125 CFOs fined by HMRC this year

8y 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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Mediation and 'nudge' letters prove effective
HMRC

Mediation and 'nudge' letters prove effective

8y Emanuela Hawker , Reporter

Mediation and 'nudge' letters prove effective

HMRC increasing focus on non-compliance prevention and mediation Read More...

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3 years to settle tax disputes with large businesses
HMRC

3 years to settle tax disputes with large businesses

8y Emanuela Hawker , Reporter

3 years to settle tax disputes with large business...

Pinsent Masons has released a statement revealing that HMRC is taking longer to settle complex tax disputes involving larger businesses Read More...

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HMRC buckling under Brexit and MTD?
HMRC

HMRC buckling under Brexit and MTD?

8y Richard Asquith

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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Is IR35 a ticking time bomb for the accounting profession?
HMRC

Is IR35 a ticking time bomb for the accounting profession?

8y AJ Chambers Recruitment | Sponsored

Is IR35 a ticking time bomb for the accounting pro...

Matthew Lawford, director of tax recruitment at AJ Chambers, asks employment tax expert Alastair Kendrick: is IR35 a ticking time bomb for the account...

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£59m in fines for UK's largest businesses
HMRC

£59m in fines for UK's largest businesses

8y Emanuela Hawker , Reporter

£59m in fines for UK's largest businesses

Pinsent Masons has released a statement detailing the latest surge in a portion of tax revenue generated by HMRC in the past year 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

8y 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

8y 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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