HMRC is increasing interest rates for late payments for most taxes, after the Bank of England’s decision to increase the base rate to 4.5%.From 22 May 2023, the rate for late...
Trading in unbacked crypto more closely resembles gambling than a financial service and the government should regulate it as such, says the Treasury Committee in a recent...
Some of HMRC’s customer service levels during 2022-23 have not been where they want them to be and HMRC officials are sorry to those who have been affected, said Victoria...
The number of self-assessment taxpayers who filed their tax return on the first day of the tax year has more than doubled since 2018, HMRC has revealed.More than 77,500 taxpayers...
From Monday 22 May 2023, HMRC will close the VAT registration helpline. Advisers from this helpline will be redeployed to spend their entire time processing VAT registration...
By 2027-28 the number of people paying income tax at 40% or above will reach 7.8 million – that’s one in five taxpayers and one in seven of the adult population,...
Plastic packaging taxA technical consultation has been launched on draft regulations to amend the rules for claiming tax credits in certain circumstances in respect of plastic...
Tax compliance yield was down by £9bn over the two years of pandemic, according to a recent report from the House of Commons public accounts committee (PAC). It notes that...
Businesses overpaid £11.9bn in corporation tax in 2022, says UHY Hacker Young after obtaining the data from HMRC in a freedom of information request.However, HMRC will not...
The all-party parliamentary loan charge and taxpayer fairness group (loan charge APPG) has written to the chancellor to express its concerns about the wave of discovery assessment...
Fresh thinking is required on making tax digital (MTD) for income tax self-assessment (ITSA) policy, says the ICAEW. The accountancy body has written to HMRC as part of its...