1 August 2023Payment of corporation tax liabilities for periods ended 31 October 2022 if not liable to pay by instalments.
Outstanding 2021-22 self-assessment tax returns now...
From 2018 to 2022, HMRC issued 420,000 penalties for late filed self-assessment tax returns to individuals with incomes too low to owe any tax, according to a report from Tax...
More than half of accountants’ clients are concerned that increased complexity surrounding research and development (R&D) tax relief will affect their cashflow, according...
HMRC’s duty reimbursement scheme allows traders moving goods into Northern Ireland to reclaim EU duty if they can demonstrate that the goods were sold or used in Northern...
HMRC is seeking views on potential simplifications to customs declarations and the way that businesses use technology to facilitate the completion of customs declarations and other...
HMRC is increasing interest rates for late payments for most taxes, after the Bank of England’s decision to increase the base rate to 5%.From 3 July 2023, the rate for late...
The lack of detail and transparency displayed by the leadership of HMRC in its response to the Treasury Committee’s questions on the summer closure of the self-assessment...
Agent Update 109
HMRC’s latest update for advisers includes articles on the advantages of filing income tax returns early, the overlap relief online form in preparation for the new...
An estimated 8.8% of the UK adult population were identified as participating in the hidden economy, according to research from HMRC. This figure has almost doubled since 2015-16...
The benefits of expanding tax relief for the installation of energy-saving materials (ESMs) in buildings may not be fully realised unless the government puts in place special rules...
The UK tax gap for 2021-22 was estimated to be £35.8bn or 4.8% of theoretical tax liabilities which were £739.3bn. According to HMRC, there has been a long-term...
Standard for agents
HMRC has updated its standard for agents to clarify the legal position on assignments of income tax repayments received after 15 March...