Accountancy firms face increased workloads as HMRC customer service delays persist
HMRC

Accountancy firms face increased workloads as HMRC customer service delays ...

4y Greg Noble

Accountancy firms face increased workloads as HMRC...

HMRC receives criticism from taxpayers as January 31 deadline looms Read More...

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UK to consult on ‘radical simplification’ of R&D regime
R&D

UK to consult on ‘radical simplification’ of R&D regime

4y Sam Alberti

UK to consult on ‘radical simplification’ of R&D r...

The new scheme will seek to allow businesses to more effectively budget for R&D expenditure Read More...

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SMEs reeling from slashed R&D tax reliefs, experts say
Business

SMEs reeling from slashed R&D tax reliefs, experts say

4y Sam Alberti

SMEs reeling from slashed R&D tax reliefs, experts...

The attempt to reduce bogus claims has been described as a ‘sledgehammer to crack a nut’ Read More...

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ATT: Taxpayers must seek HMRC support amid “enormous” financial strain
HMRC

ATT: Taxpayers must seek HMRC support amid “enormous” financial strain

4y Sam Alberti

ATT: Taxpayers must seek HMRC support amid “enormo...

Nearly six million self-assessment taxpayers are still yet to file returns Read More...

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HMRC can’t blame the pandemic for all its customer service failings, says MP
HMRC

HMRC can’t blame the pandemic for all its customer service failings, says M...

4y Greg Noble

HMRC can’t blame the pandemic for all its customer...

HMRC are facing backlash over their recent customer service shortcomings Read More...

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Dext CEO: Accountants can ‘get ahead of the game’ with MTD ITSA delay
Making Tax Digital

Dext CEO: Accountants can ‘get ahead of the game’ with MTD ITSA delay

4y Sam Alberti

Dext CEO: Accountants can ‘get ahead of the game’ ...

While disappointing, the fresh postponement will allow accountants and bookkeepers to familiarise themselves with what’s to come, according to Sabby G...

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MTD for ITSA officially delayed until 2026 to ‘maximise benefits’
HMRC

MTD for ITSA officially delayed until 2026 to ‘maximise benefits’

4y Greg Noble

MTD for ITSA officially delayed until 2026 to ‘max...

The postponement should help smaller businesses in the long run, according to the Treasury Read More...

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MTD for ITSA set to be postponed to 2026
Accounting Firms

MTD for ITSA set to be postponed to 2026

4y Greg Noble

MTD for ITSA set to be postponed to 2026

The original roll-out date 'was always going to be extremely difficult' to achieve, market participants have said Read More...

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MTD: A chance for accountants to show their worth
Accounting Firms

MTD: A chance for accountants to show their worth

4y Greg Noble

MTD: A chance for accountants to show their worth

The upcoming MTD for income tax self-assessment deadline opens the door for accountants to play a key advisory role once more  Read More...

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HMRC R&D fraud clampdown deterring authentic claims, experts say
R&D

HMRC R&D fraud clampdown deterring authentic claims, experts say

4y Sam Alberti

HMRC R&D fraud clampdown deterring authentic claim...

The total value of R&D claims in the UK fell by 4% between 2019/20 and 2020/21 Read More...

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HMRC ‘must shoulder blame’ for disguised remuneration schemes
HMRC

HMRC ‘must shoulder blame’ for disguised remuneration schemes

4y Sam Alberti

HMRC ‘must shoulder blame’ for disguised remunerat...

Use of the schemes has been rife since the latest IR35 private sector reforms, one market participant said Read More...

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Businesses warned of IR35 uncertainties despite reform u-turn
Business

Businesses warned of IR35 uncertainties despite reform u-turn

4y Rob Griffin

Businesses warned of IR35 uncertainties despite re...

Accountancy firms say there are still many unanswered questions after Chancellor Kwasi Kwarteng’s speech Read More...

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Total UK R&D claim value falls for the first time ever
R&D

Total UK R&D claim value falls for the first time ever

4y Sam Alberti

Total UK R&D claim value falls for the first time ...

Meanwhile, an uptick in the number of claims appears to show an innovation investment slump Read More...

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The Trust Registration Service beyond September 1, 2022
HMRC

The Trust Registration Service beyond September 1, 2022

4y Helen Thornley

The Trust Registration Service beyond September 1,...

The deadline of September 1, 2022 for registering all trusts in existence at October 6, 2020 (unless specifically excluded) on the Trust Registration ...

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UK government must “think carefully” about MTD implementation
MTD

UK government must “think carefully” about MTD implementation

4y Sam Alberti

UK government must “think carefully” about MTD imp...

New research suggests that one in 10 accountants will leave the profession due to compliance burdens Read More...

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MTD preparations hampered by limited software options, expert says
Accounting Software

MTD preparations hampered by limited software options, expert says

4y Sonia Sharma

MTD preparations hampered by limited software opti...

Another source argued that client relations could be jeopardised by the inability to prepare Read More...

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Tax experts call on PM’s successor to make “vital” improvements to tax system
Tax

Tax experts call on PM’s successor to make “vital” improvements to tax syst...

4y Rebecca Whittaker

Tax experts call on PM’s successor to make “vital”...

President of the Chartered Institute of Taxation says HMRC’s performance standards are ‘falling short’, reinforcing the need for reformed digitalisati...

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MTD for ITSA – more questions than answers
MTD

MTD for ITSA – more questions than answers

4y Emma Rawson

MTD for ITSA – more questions than answers

ATT technical officer, Emma Rawson, takes a look at recently published draft MTD for ITSA tertiary legislation, highlighting some key areas where taxp...

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SMEs can “extend runway” with R&D regime changes
R&D

SMEs can “extend runway” with R&D regime changes

4y Sam Alberti

SMEs can “extend runway” with R&D regime changes

Proposed reforms to the UK’s R&D tax regime could see a clamp down on “opportunistic advisers” Read More...

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Advisers must deepen understanding of cryptoassets as client demand increases, industry figures say
Digital assets

Advisers must deepen understanding of cryptoassets as client demand increas...

4y Sonia Sharma

Advisers must deepen understanding of cryptoassets...

One expert also stressed the importance of collaboration on cryptoassets between HMRC and the accounting profession Read More...

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Post-pandemic, are HMRC’s gloves off for good?
HMRC

Post-pandemic, are HMRC’s gloves off for good?

4y Tim Symes, Lisa Vanderheide an...

Post-pandemic, are HMRC’s gloves off for good?

How has HMRC managed its metamorphosis from benevolent supporter of businesses during the pandemic to hard-nosed tax collector? Litigation specialists...

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UK R&D criteria to be tightened in system overhaul
Business

UK R&D criteria to be tightened in system overhaul

4y Sam Alberti

UK R&D criteria to be tightened in system overhaul

New government proposals see scope widen in some areas but narrow in others Read More...

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Accounting firms could “lose credibility” from MSC crackdown
Business

Accounting firms could “lose credibility” from MSC crackdown

4y Sam Alberti

Accounting firms could “lose credibility” from MSC...

Accountants with contractor clients must take practical steps in an attempt to fly under HMRC’s radar Read More...

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“Damning” report highlights IR35 non-compliance in public sector
HMRC

“Damning” report highlights IR35 non-compliance in public sector

4y Sam Alberti

“Damning” report highlights IR35 non-compliance in...

Whitehall departments could owe HMRC as much as £236m, according to the report Read More...

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Accountants need “back-up from HMRC” in MTD ITSA transition
HMRC

Accountants need “back-up from HMRC” in MTD ITSA transition

4y Sam Alberti

Accountants need “back-up from HMRC” in MTD ITSA t...

HMRC intends to atone for poor communications during MTD for VAT, a spokesperson said Read More...

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HMRC takes “more aggressive” approach as transfer pricing investigations soar
Tax Avoidance

HMRC takes “more aggressive” approach as transfer pricing investigations so...

4y Sam Alberti

HMRC takes “more aggressive” approach as transfer ...

Increased scrutiny of corporate profit shifting by HMRC generates its record rise in transfer pricing tax yield Read More...

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Major spike in bogus R&D claims highlights ‘challenge’ for HMRC, experts say
Tax

Major spike in bogus R&D claims highlights ‘challenge’ for HMRC, experts sa...

4y Sam Alberti

Major spike in bogus R&D claims highlights ‘challe...

Forthcoming government changes will seek to tighten the regime to foster a “new culture of enterprise” Read More...

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