An alliance dedicated to fighting global financial crime must continue its efforts to defeat tax cheats and frauds, financial secretary to the Treasury Lucy Frazer told leaders of...
In light of the changes to the P87 form (tax relief for employment expenses), HMRC has posted a blog to keep advisers updated. This is in the form of frequently asked questions....
The Treasury has published a document inviting views on how to reform capital allowances.The Spring Statement set out some illustrations of the types of changes the government...
HMRC regional centre and government hub at 14 Westfield Avenue, Stratford was formally opened by chief executive Jim Harra on 4 May 2022.The state-of-the-art building, home to...
HMRC is increasing interest rates for late payments for most taxes, after the Bank of England’s decision to increase the base rate to 1% from 0.75%.The rate for late paid...
Treasury fraud squad
The Treasury has created a new public sector fraud authority to recover money stolen from the Covid support schemes and to crack down on other organised...
Money invested through the enterprise investment scheme (EIS) decreased by 12% to £1.658bn in 2020-21. Latest figures from HMRC show that 3,755 companies raised a total of...
HMRC collected a record £157.2bn from VAT bills in 2021-22, a 55% increase on the £101bn collected in 2020-21.VAT received has risen sharply after the rate of VAT paid...
The remaining import controls on EU goods will no longer be introduced this year, the government has announced. This is in a bid to help ease the cost of living pressures.Instead,...
Charity advisers raised concerns over ambiguity in information relating to the naming of buildings in new guidance introduced in August 2019 following a review by HMRC of the donor...
Tax can be a vital part of the package of measures needed to deliver net zero and the government should have a clear overarching tax strategy to support the transition, says ICAS...