It is essential for the making tax digital (MTD) that HMRC has a thorough understanding of smaller businesses, shaped by insight, research, external engagement and expertise, says...
Forty-eight items worth over £52m have been accepted for the nation through Arts Council England’s acceptance in lieu and cultural gifts schemes.Acceptance in lieu...
HMRC received 4,757 self-assessment tax returns on Christmas Day. This compares with 3,275 filed on the same day in 2022. The peak time for filing was between 12 noon and 1pm when...
1 February 2024£100 penalty and extended enquiry window if 2022-23 self-assessment tax returns not filed on or by 31 January 2024.Payment of corporation tax liabilities...
Shona Robison, deputy first minister and cabinet secretary for finance delivered the Scottish government’s 2024-25 Budget on 19 December 2023.Key tax announcements...
After HMRC announced the latest changes to the self-assessment helpline, the Treasury Committee wrote to HMRC chief executive Jim Harra with a series of questions.The committee has...
Twelve voluntary and community sector organisations have been awarded a share of £5.5m to help taxpayers who need extra support with their tax affairs. The awards are managed...
HMRC’s handling of research and development (R&D) tax relief compliance continues to result in valid claims being rejected, says the Chartered Institute of Taxation.The...
HMRC believes that US companies made up almost half (48.6%) of the underpaid UK tax from all foreign companies, underpaying £5.6bn in UK tax in 2022-23, according to...
Many UK businesses have decided not to expand into the US because of sales tax complexity, according to research from Avalara Inc.A survey of UK-based businesses found that 60% of...
San MarinoThe 2023 UK-San Marino double taxation convention entered into force on 30 November and has been added to the HMRC tax treaties page.tinyurl.com/hmrcsanmarinodttEmployer...
From 7 December 2023, HMRC will no longer send a letter informing taxpayers or their advisers of a self-assessment (SA) repayment. HMRC said these letters tended to cause confusion...