Umbrella companiesHMRC has updated its guidance on working through an umbrella company, specifically who is responsible for paying the worker in the ‘how you get paid’ section –...
In 2021-22, the value of new debt was over 50% higher than the average for the tax years from April 2017 to March 2020, and this trend has continued throughout 2022-23....
HMRC collected almost £1.5bn in extra tax from investigations into large corporates shifting profits overseas in the past year, according the HMRC statistics. This brings the...
Only 20% of Scots correctly identified that income tax is a shared responsibility of the Scottish and UK parliaments, according to research carried out by the Chartered Institute...
The government should create a cross-sector taskforce to address the long-standing delays at HMRC, says ICAEW in its representations to the Treasury ahead of the Spring Budget...
HMRC’s VAT Notice 701/30 ‘Education and Vocational Training’ has been edited to remove an error in paragraph 15.1 which incorrectly stated that construction...
Self assessment
A record 11,733,465 (97.3%) self-assessment tax returns were received on time, HMRC has revealed. 861,085 taxpayers filed their returns on 31 January. The peak hour...
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%.From 13 February 2023, the rate for...
Tax support for pension saving should be spread more evenly – reducing subsidies where they are overly generous and increasing them where saving incentives are weaker, states...
Legislation changes in the Finance Bill to counter the abuse of research and development relief will not be effective in isolation, according to a report from the House of Lords...
The Loan Charge Action Group (LCAG) has called on chancellor of the exchequer Jeremy Hunt to use the Budget in March to agree a fair resolution to the loan charge scandal and...
1 March 2023Corporation tax liabilities for accounting periods ended 31 May 2022 for SMEs not liable to pay by instalments.Review HMRC car mileage fuel rates.2 March 2023Unpaid...