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Reminder on changes to Corporation Tax notices

Reminder on changes to Corporation Tax notices

Posted in Latest News on August 1, 2018

On 19 September 2016 HM Revenue & Customs (HMRC) decided to stop sending out paper copies of several important documents relating to Corporation Tax. …

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Taxpayers warned of Requirement to Correct as deadline approaches

Taxpayers warned of Requirement to Correct as deadline approaches

Posted in Latest News on August 1, 2018

Taxpayers with undeclared offshore tax liabilities, including Income Tax, Capital Gains Tax or Inheritance Tax, are obligated to disclose these liabilities …

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More than 100,000 first-time buyers benefit from Stamp Duty Land Tax reforms

More than 100,000 first-time buyers benefit from Stamp Duty Land Tax reforms

Posted in Latest News on August 1, 2018

HM Revenue & Customs (HMRC) has published data which reveals that more than 100,000 first-time buyers have benefited from Stamp Duty Land Tax (SDLT) …

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MTD for VAT clarified in new communication from HMRC

MTD for VAT clarified in new communication from HMRC

Posted in Latest News on August 1, 2018

HM Revenue & Customs (HMRC) has finally issued a new notice on Making Tax Digital for VAT in which it has clarified many of the questions that businesses …

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HMRC collects more than £30 billion worth of extra tax in last financial year

HMRC collects more than £30 billion worth of extra tax in last financial year

Posted in Latest News on August 1, 2018

New figures from HM Revenue & Customs (HMRC) have revealed that the tax authority brought in a total of £605.8 billion in the year to April 2018 – …

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Tens of thousands of fake HMRC websites taken down

Tens of thousands of fake HMRC websites taken down

Posted in Latest News on August 1, 2018

Figures published by HM Revenue & Customs (HMRC) show that 20,750 malicious websites have been taken down over the last year – 29 per cent more than …

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Documents reveal HMRC plans to secretly access bank account information

Documents reveal HMRC plans to secretly access bank account information

Posted in Latest News on August 1, 2018

Documents published online have revealed HM Revenue & Customs’ (HMRC) plans to secretly access bank account information. The planned new powers come …

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UK’s tax gap continues to fall

UK’s tax gap continues to fall

Posted in Latest News on July 3, 2018

Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing …

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Small businesses say the Government should simplify business rates

Small businesses say the Government should simplify business rates

Posted in Latest News on July 3, 2018

A survey has revealed strong support from the UK’s small business community for measures to simplify business rates. A total of 71 per cent of the small …

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Professionals call on Treasury not to lower VAT threshold before MTD and Brexit

Professionals call on Treasury not to lower VAT threshold before MTD and Brexit

Posted in Latest News on July 3, 2018

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has called on the Treasury to resist pressure to reduce the VAT …

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