New data from HMRC shows that £1.13bn in research and development (R&D) tax relief was handed out due to error and fraud in 2020-21. This represents 16.7% of all the...
Finance Act
Finance (No 2) Act 2023 received royal assent on 11 July 2023.
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Tax credits
Almost 28,000 individuals have used the HMRC app to renew their...
Labour Party proposals to remove tax breaks for private schools, including exemptions from VAT and relief on business rates, would raise tax revenues by about £1.6bn,...
HMRC is trialling a taskforce to process post over 12 months old. The team aims to reduce the number of very old outstanding cases significantly over the next few months.The...
Scrapping the pension lifetime allowance in this year’s Budget is having a significant effect on pension saving and retirement planning among higher rate taxpayers, new...
A consultation from the Treasury looks at potential measures to address 'avoidance, evasion and poor rating agent behaviour within the business rates system'.The purpose of this...
Local authorities in Scotland would have the power to add a tax to overnight accommodation, such as hotels, bed and breakfasts, holiday rentals and campsites under new legislation...
In response to the recent Public Accounts Committee (PAC) inquiry into making tax digital (MTD), the Chartered Institute of Taxation (CIOT) agrees that in principle digitalisation...
Visits to HMRC’s Current list of named tax avoidance schemes, promoters, enablers and suppliersis low, according to a freedom of information request by accountancy firm...
The House of Lords have voted in favour of amending the proposed failure to prevent fraud offence to widen the scope of the Economic Crime and Corporate Transparency Bill. The...
The Chartered Institute of Taxation has expressed concerns that HMRC’s efforts to crack down on bogus research and development (R&D) tax relief claims is resulting in...
Finance Bill progressFinance (No.2) Bill 2023 completed its remaining stages in the House of Lords on 4 July and is on course for royal assent before 20...