Economy
HMRC reminds tax credit customers to renew before deadline
5 days ago
HMRC reminds tax credit customers to renew before deadline
HM Revenue and Customs (HMRC) has reminded more than 300,000 tax credits customers they have until 31 July 2021 to…
ATT calls for delay to profit tax changes
5 days ago
ATT calls for delay to profit tax changes
The Association of Taxation Technicians (ATT) has called for a delay to a “major change” in how trading profits are…
HMRC ‘turns focus back’ to tax investigations post-Covid
2 weeks ago
HMRC ‘turns focus back’ to tax investigations post-Covid
HMRC is turning its focus “back to tax investigations” following a “temporary reallocation of its resources” during the pandemic, according…
HMRC taxes collected falls 7.6% to £585bn in FY21
2 weeks ago
HMRC taxes collected falls 7.6% to £585bn in FY21
HMRC has revealed that it collected £585bn in tax during FY21, a year-on-year fall of 7.6% from the £633.4bn raised…
EU suspends digital tax plan
2 weeks ago
EU suspends digital tax plan
The European Union (EU) has announced it is temporarily suspending work on its plans to introduce a digital levy in…
Bookkeeper sentenced for £2.1m fraudulent VAT claims
3 weeks ago
Bookkeeper sentenced for £2.1m fraudulent VAT claims
HM Revenue and Customs (HMRC) has revealed that bookkeeper Veekshit Ramoo was sentenced to seven years in prison for £2.1m…
Former law firm owner sentenced for stamp duty fraud
3 weeks ago
Former law firm owner sentenced for stamp duty fraud
HM Revenue and Customs (HMRC) has revealed that the former owner of a West London law firm, Manpreet Singh, has…
Chancellor outlines future of financial services sector
4 weeks ago
Chancellor outlines future of financial services sector
Chancellor Rishi Sunak outlined the government’s vision for the future of the UK’s financial services sector yesterday (1 July).
130 countries join international tax reform plan
4 weeks ago
130 countries join international tax reform plan
Some 130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules, according to the Organisation…
UK business investment to grow by 7.1% in 2021, reports EY
4 weeks ago
UK business investment to grow by 7.1% in 2021, reports EY
Business investment in the UK is expected to grow by 7.1% in 2021, according to the latest report by EY…