EU overhauls VAT rules for the Digital Age
Business

EU overhauls VAT rules for the Digital Age

2m Rachael Kennedy

EU overhauls VAT rules for the Digital Age

The European Union has made a significant stride in its ongoing efforts to modernise its value-added tax (VAT) system, with the European Council recen...

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Overdue: it’s time to make tax advice accountable
Brexit & Economy

Overdue: it’s time to make tax advice accountable

8m Adam Harper, Director of Professional Standards and Policy at the Association of Accounting Technicians (AAT)

Overdue: it’s time to make tax advice accountable

Now is the time to set out our standards in the accountancy profession once and for all Read More...

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HMRC collected £95.2 billion in business taxes in the last tax year
Brexit & Economy

HMRC collected £95.2 billion in business taxes in the last tax year

8m Accountancy Age

HMRC collected £95.2 billion in business taxes in ...

Tax take rises by almost 5% in 23-24 but income taxes jump by 10% Read More...

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The emerging challenges and responsibilities of ViDA in a changing world
Tax

The emerging challenges and responsibilities of ViDA in a changing world

2y Liz Salecka

The emerging challenges and responsibilities of Vi...

New EU VAT reforms look set to bring both challenges and opportunities for businesses and now is the time to prepare for them, says Thomson Reuters’ i...

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‘Absurd’ loophole sees UK tax avoidance schemes removed from HMRC list
HMRC

‘Absurd’ loophole sees UK tax avoidance schemes removed from HMRC list

2y Sam Alberti

‘Absurd’ loophole sees UK tax avoidance schemes re...

The Finance Act says that schemes can only be named and shamed for a year Read More...

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HMRC in ‘listening mode’ with attempts to improve service levels
HMRC

HMRC in ‘listening mode’ with attempts to improve service levels

2y Greg Noble

HMRC in ‘listening mode’ with attempts to improve ...

Three months on from damning report, HMRC service levels remain below pre-pandemic baseline Read More...

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Accounting bodies: HMRC service levels ‘top priority’ for Spring Budget
Budget

Accounting bodies: HMRC service levels ‘top priority’ for Spring Budget

2y Sam Alberti

Accounting bodies: HMRC service levels ‘top priori...

HMRC service levels have fallen to an “unacceptably low level” and must be urgently addressed as part of the forthcoming Spring Budget statement, the ...

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Treasury committee requests review into ‘broken’ business rates
Governance

Treasury committee requests review into ‘broken’ business rates

5y Chris Jewers

Treasury committee requests review into ‘broken’ b...

AAT specifically referenced in Treasury Select Committee’s report into business rates, which has requested the government to review the system and fin...

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MNEs face increased transfer pricing fines from HMRC
HMRC

MNEs face increased transfer pricing fines from HMRC

5y Shannon Moyer

MNEs face increased transfer pricing fines from HM...

HMRC fines targeting multinational enterprises have increased dramatically over the past two years under new regulations. 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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OTS report: Corporation tax should follow accounts
Corporate Tax

OTS report: Corporation tax should follow accounts

7y Accountancy Age

OTS report: Corporation tax should follow accounts

The report suggests a wide range of reforms focussed on bringing together corporation tax and accounts, including creating five year roadmap for CT re...

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Relationship between ‘gig economy’ and tax must be examined
Legal

Relationship between ‘gig economy’ and tax must be examined

8y Accountancy Age

Relationship between ‘gig economy’ and tax must be...

LITRG urges the Taylor review to examine the relationship between tax and non-standard work Read More...

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IR35 employment status tax rules need clarification, says ATT
Tax Bodies

IR35 employment status tax rules need clarification, says ATT

8y Accountancy Age

IR35 employment status tax rules need clarificatio...

IR35 employment status tax rules may result in workers losing part of their income, says professional body Read More...

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Treasury Select Committee report released on Making Tax Digital
Accounting Standards

Treasury Select Committee report released on Making Tax Digital

8y Stephanie Wix , Writer

Treasury Select Committee report released on Makin...

Committee expresses concern about costs to businesses and April 2018 implementation date Read More...

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HMRC cuts over 150 offices to reduce running costs
Corporate Tax

HMRC cuts over 150 offices to reduce running costs

8y Stephanie Wix , Writer

HMRC cuts over 150 offices to reduce running costs

Drastically fewer offices for HMRC in the hope to reduce their running costs Read More...

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Tax avoidance crackdown sees 80% jump in additional HMRC revenue
Accounting Firms

Tax avoidance crackdown sees 80% jump in additional HMRC revenue

8y Stephanie Wix , Writer

Tax avoidance crackdown sees 80% jump in additiona...

An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance Read More...

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Making Tax Digital: the "unexpected item in the bagging area"
Accounting Standards

Making Tax Digital: the "unexpected item in the bagging area"

8y Stephanie Wix , Writer

Making Tax Digital: the "unexpected item in the ba...

Laurence Field, the head of tax at national audit, tax and advisory firm Crowe Clark Whitehill outlines the 6 'unexpected items' regarding HMRC's Maki...

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Finance Bill 2017: Corporate tax reporting requirements 'a burden'
Business Regulation

Finance Bill 2017: Corporate tax reporting requirements 'a burden'

8y Stephanie Wix , Writer

Finance Bill 2017: Corporate tax reporting require...

Companies must report on their complex financial structures including offshore accounts and notify HMRC Read More...

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PAC raises “serious concerns” about HMRC’s digital plans
Corporate Tax

PAC raises “serious concerns” about HMRC’s digital plans

8y Stephanie Wix , Writer

PAC raises “serious concerns” about HMRC’s digital...

An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans Read More...

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Friday Afternoon Live: British Accountancy Awards hangover + Tyrie suggests MTD delay
Accounting Firms

Friday Afternoon Live: British Accountancy Awards hangover + Tyrie suggests...

8y Kevin Reed , Writer

Friday Afternoon Live: British Accountancy Awards ...

The mornings after the night that was the British Accountancy Awards; and Andrew Tyrie's latest thoughts on Making Tax Digital timing Read More...

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ACCA announces partnership with RD Tax Solutions
Accounting Standards

ACCA announces partnership with RD Tax Solutions

8y Stephanie Wix , Writer

ACCA announces partnership with RD Tax Solutions

The ACCA has announced a partnership with UK research and development tax reclaim specialist RD Tax Solutions Read More...

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HMRC complaints reach highest level in seven years
Corporate Finance

HMRC complaints reach highest level in seven years

8y Stephanie Wix , Writer

HMRC complaints reach highest level in seven years

The number of complaints received by HMRC have reached their highest number since the global financial crisis Read More...

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'Clear' tax avoidance guidance for advisers issued by institutes
Accounting Standards

'Clear' tax avoidance guidance for advisers issued by institutes

8y Stephanie Wix , Writer

'Clear' tax avoidance guidance for advisers issued...

Updated guidance on the standards expected of tax advisers and agents have been published by leading UK accountancy and tax bodies Read More...

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HMRC and Concentrix discuss ‘early exit’ as NAO launches inquiry
Personal Tax

HMRC and Concentrix discuss ‘early exit’ as NAO launches inquiry

8y Andrew Goodall

HMRC and Concentrix discuss ‘early exit’ as NAO la...

Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs Read More...

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Making Tax Digital project must be reset, experts tell MPs
Corporate Tax

Making Tax Digital project must be reset, experts tell MPs

8y Andrew Goodall

Making Tax Digital project must be reset, experts ...

Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small bus...

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MTD - yes please, but with major caveats
Accounting Software

MTD - yes please, but with major caveats

8y Accountancy Age

MTD - yes please, but with major caveats

The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technolo...

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HMRC records £143m Court of Appeal win against NT Advisors
Tax Bodies

HMRC records £143m Court of Appeal win against NT Advisors

8y Richard Crump , Writer

HMRC records £143m Court of Appeal win against NT ...

HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT Advisors’ latest s...

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