Economy
500,000 businesses filed VAT returns late last year, study shows
Wednesday, 9 June 2021, 15:11
500,000 businesses filed VAT returns late last year, study shows
A total of 519,120 VAT returns were filed late by businesses last year, up 13% from 459,190 the previous year,…
ACCA throws support behind new UK trade deal
Monday, 7 June 2021, 9:58
ACCA throws support behind new UK trade deal
The Association of Chartered Certified Accountants (ACCA) has issued its support for the latest post-Brexit trade deal between the UK,…
Strong ‘lift off’ expected for UK economy this summer, says KPMG
Friday, 4 June 2021, 9:42
Strong ‘lift off’ expected for UK economy this summer, says KPMG
A combination of restrictions lifting, consumer demand, excess savings and a range of government incentives are expected to spark a…
HMRC asks customers to be ‘alert’ as tax scams on the rise
Wednesday, 2 June 2021, 14:55
HMRC asks customers to be ‘alert’ as tax scams on the rise
HMRC has warned that tax credits customers should be “alert” to potential scams as the authority responds to more than…
Shares transfer costs accountant £600,000 in income tax
Tuesday, 25 May 2021, 12:53
Shares transfer costs accountant £600,000 in income tax
An appeal attempt by accountant Bostan Khan who was held liable to pay income tax of almost £600,000 in 2017…
One month left to join VAT deferral new payment scheme, says HMRC
Friday, 21 May 2021, 10:41
One month left to join VAT deferral new payment scheme, says HMRC
Businesses that deferred VAT payments last year have until 21 June 2021 to join the new online payment scheme to…
Less than 15% of accountants confident in MTD understandings
Thursday, 20 May 2021, 14:31
Less than 15% of accountants confident in MTD understandings
Less than 15% (14.6%) of accountants and bookkeepers are confident in their understanding of the next stage of Making Tax…
HMRC spends quarter of a million on cyber security training
Thursday, 20 May 2021, 10:59
HMRC spends quarter of a million on cyber security training
HM Revenue & Customs has spent £262,251 on cyber security training for its staff over the two most recent financial…
UK inflation rate doubles for April
Wednesday, 19 May 2021, 9:53
UK inflation rate doubles for April
The UK’s annual inflation rate has more than doubled in April 2021, according to recent figures from the Office for…
HMRC ‘urges’ customers to file self assessment tax return
Tuesday, 18 May 2021, 14:36
HMRC ‘urges’ customers to file self assessment tax return
HMRC is “urging” applicable tax payers to follow the 63,500 customers who already filed their 2020 to 2021 tax return…