Economy
Wise CEO under investigation for tax breach
Monday, 27 June 2022, 11:23
Wise CEO under investigation for tax breach
Wise, the money transfer group, has revealed that CEO and co-founder Kristo Käärmann is being investigated by the Financial Conduct…
Cost of living crisis could lead to ‘mild recession’, KPMG warns
Monday, 27 June 2022, 11:19
Cost of living crisis could lead to ‘mild recession’, KPMG warns
There is a rising risk of the UK economy falling into a “mild recession” due to the cost of living…
HMRC extends scope of Trust Registration Service
Monday, 27 June 2022, 11:14
HMRC extends scope of Trust Registration Service
HM Revenue and Customs (HMRC) has extended the reach of its Trust Registration Service (TRS) through implementing new legislative changes.…
HMRC reveals tax remains steady at £32bn
Thursday, 23 June 2022, 15:26
HMRC reveals tax remains steady at £32bn
HM Revenue and Customs (HMRC) has revealed the estimated tax gap, the difference between the total amount of tax expected…
BoE raises interest rates to 1.25%
Thursday, 16 June 2022, 12:26
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…
83% of accountants believe Brexit changed the profession
Thursday, 16 June 2022, 11:24
83% of accountants believe Brexit changed the profession
Some 83% of accountants have seen an increase in requests for guidance and planning two years on from the UK’s…
Tax credit claimants to expect longer processing times
Wednesday, 15 June 2022, 16:03
Tax credit claimants to expect longer processing times
HMRC has announced its plans to enhance its extensive compliance checks to prevent abuse of research and development (R&D) tax…
HMRC opens regional centre in Glasgow
Wednesday, 8 June 2022, 11:01
HMRC opens regional centre in Glasgow
HM Revenue and Customs’ (HMRC) has launched its regional centre in Glasgow, which is set to hold over 3,500 full…
HMRC tracks 277 tax haven suspects to help reduce UK tax bills
Monday, 30 May 2022, 9:50
HMRC tracks 277 tax haven suspects to help reduce UK tax bills
HMRC is reportedly tracking 277 UK businesses it suspects of using tax havens in a bid to artificially reduce tax…
HMRC using Kittel Principle to target supply chain VAT fraud
Friday, 27 May 2022, 10:10
HMRC using Kittel Principle to target supply chain VAT fraud
Company directors who either commit VAT fraud or fail to demonstrate procedures to prevent VAT fraud in the supply chain…