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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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A quarter of dads may be missing out on paternity pay, according to a new report

A quarter of dads may be missing out on paternity pay, according to a new report

Posted in Latest News on July 3, 2018

The TUC has launched a new campaign calling on the Government to extend paternity pay to more workers, after discovering that a quarter of fathers may …

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More than two-fifths of small business owners are still unaware of MTD

More than two-fifths of small business owners are still unaware of MTD

Posted in Latest News on July 3, 2018

According to a new study, Making Tax Digital (MTD) is currently one of the biggest concerns for VAT-registered small business owners. The research, prepared …

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Building contractors will have to comply with complex new VAT rules

Building contractors will have to comply with complex new VAT rules

Posted in Latest News on July 3, 2018

Those working in the construction and building industry are being encouraged to get to grips with a new way of accounting for VAT. From 1 October 2019, …

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‘Bank of Mum and Dad’ feels the squeeze

‘Bank of Mum and Dad’ feels the squeeze

Posted in Latest News on June 4, 2018

The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G). …

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Vigilance urged as fraudsters fake security measures to access bank accounts

Vigilance urged as fraudsters fake security measures to access bank accounts

Posted in Latest News on June 4, 2018

Businesses and individuals are being encouraged to redouble their vigilance as fraudsters fake security measures in order to gain the information needed …

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Ministers make an about-turn on tax haven transparency measures

Ministers make an about-turn on tax haven transparency measures

Posted in Latest News on June 4, 2018

In a reverse of its previous position, the Government has backed measures to increase the transparency of offshore tax havens. The measures will compel …

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Replace Inheritance Tax with ‘lifetime receipts tax’, argues thinktank

Replace Inheritance Tax with ‘lifetime receipts tax’, argues thinktank

Posted in Latest News on June 4, 2018

With the issue of intergenerational fairness continuing to be high on the agenda, a thinktank has suggested that the Treasury returns to the drawing board …

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