The tax debt balance at the end of June 2023 was £44.5bn, according to HMRC’s quarterly performance report for the first quarter of 2023-24. This is a reduction from...
HMRC has added a new section ‘When you can object to late payment interest’ to its guidance on the late-payment interest regime that came into force on 1 January...
HMRC has published new guidance on how employees can claim a tax refund for negative earnings. This typically arises as a result of a contractual clawback...
HMRC’s annual report for 2022-23 shows that investigations into tax evasion and tax avoidance have yielded a total of £34bn in extra tax revenue, up from £30.8bn...
The CIOT is concerned that the ‘sandbox’ piloting approach in the consultation document The Tax Administration Framework Review: Creating innovative change through new...
The Treasury Committee has called for ‘a comprehensive and systematic review’ into the cost of over a thousand tax reliefs. The new report concludes that the tax system...
1 October 2023Pay corporation tax liabilities for periods ended 31 December 2022 for small and medium-sized companies not liable to pay in instalments.5 October 2023HMRC must be...
In 2020-21, HMRC received £5.76bn in inheritance tax, according to HMRC statistics. This is a rise of £0.8bn (16%) compared to the previous year. The rise in...
Investment zoneSouth Yorkshire has been named as the first UK investment zone. It is focused on advanced manufacturing and includes the University of Sheffield and Sheffield Hallam...
The July edition of HMRC’s Agent updateincludes articles on the extension to 5 April 2025 for taxpayers to pay voluntary National Insurance contributions, influencing clients...
The government is considering making changes to two types of employee trusts: employee ownership trusts (EOTs) and employee benefit trusts (EBTs).The aim is to ensure that these...
The government is consulting on how the tax system can support employers to increase provision of occupational health for their employees. It is accompanied by a Department for...