The UK Autumn Budget of 2024 has sharpened the focus on reducing the tax gap by amplifying both financial pressure on overdue tax payments and enforce...
View articleFollowing the UK Budget announcement, key figures across finance, tax, and business have responded to the Chancellor’s measures, highlighting potentia...
View articleTaxpayers in the UK collectively spent more than 719 years on the phone waiting to speak with HM Revenue and Customs (HMRC) in the year ending June 30...
View articleRecent developments suggest that the R&D tax credit regime, established almost 25 years ago to support innovative UK businesses, is facing critica...
View articleChancellor Rachel Reeves has issued warnings about a £22bn “black hole” in public finances, suggesting that further measures may be necessary. Whilst ...
View articleHMRC is increasingly pursuing company directors (and other individuals connected with the management of companies) to pay outstanding tax bills that a...
View articleA new report from the National Audit Office (NAO) has revealed that the UK is losing billions of pounds annually due to tax evasion, with small busine...
View articleAccountants are no strangers to poring over lengthy financial documents and annual reports. However, even the most seasoned professionals can benefit ...
View articleHMRC service performance has been a hot topic for some time and has received considerable attention in mainstream media, at parliamentary committees a...
View articleNew research from The Global Payroll Association (GPA), reveals that HMRC has reduced its core workforce by -3.8% in the past year, but that this staf...
View articleHMRC’s telephone customer service is failing to meet expectations, with taxpayers experiencing an average wait time of nearly 23 minutes in the first ...
View articleThe funding comes alongside HMRC’s long-term strategy for taxpayers to use digital options for queries in the first instance Read More...
View articleData from tax authorities overseas help HMRC identify individuals who may be evading tax through offshore assets Read More...
View articleTax take rises by almost 5% in 23-24 but income taxes jump by 10% Read More...
View articleLabour's plan to reform HMRC includes increasing the workforce by 5,000, investing in technology, and closing the £36 billion tax gap, aiming for fair...
View article28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 to £90,000 Read More...
View articleFollowing the Chancellor’s Spring Budget on March 6, the Association of Chartered Certified Accountants (ACCA) surveyed its members for their insight ...
View articleHMRC's MTD ITSA pilot, launching on 22 April 2024, aims to modernize the UK tax system by requiring digital record-keeping and quarterly updates for s...
View articleHM Revenue & Customs (HMRC) has acknowledged the financial and time costs that landlords will face due to the Making Tax Digital (MTD) initiative....
View articleHM Treasury’s response to questions posed by the Association of Accounting Technicians (AAT) regarding proposed reforms to anti-money laundering...
View articleHMRC has collected £1bn in extra revenue from investigations into underpaid landfill tax over the past 5 years, with £281m collected in the las...
View articleThe House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleAmidst rising fraud and complexity, the consolidation of the UK’s R&D advisory market could be the key to unlocking reliable, efficient, and compliant...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleWill the absence of these clearances increases the risk of discovering tax liabilities after the dissolution of the company, leading to financial burd...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View article