Economy
£180m HMRC investment ‘should not leave agents behind’, says CIOT
Thursday, 4 March 2021, 10:25
£180m HMRC investment ‘should not leave agents behind’, says CIOT
The Chartered Institute of Taxation (CIOT) has urged HMRC to ensure that represented taxpayers and agents are “not left behind”…
Budget 2021: Chancellor unveils new £65bn support package
Wednesday, 3 March 2021, 13:33
Budget 2021: Chancellor unveils new £65bn support package
Chancellor Rishi Sunak has outlined a new £65bn support package in his March budget, confirming the decision to extend the…
Insolvency Service payouts hit record high
Tuesday, 2 March 2021, 10:02
Insolvency Service payouts hit record high
The government’s insolvency service paid out a total of £453m from the National Insurance Fund in 2020 to former members…
43% of UK financial services firms set to move post-Brexit
Tuesday, 2 March 2021, 10:01
43% of UK financial services firms set to move post-Brexit
Around 43% of financial services firms in the UK, 95 out of 222, have moved or plan to move their…
MPs warn Sunak against tax hike
Monday, 1 March 2021, 10:24
MPs warn Sunak against tax hike
MPs have warned chancellor Rishi Sunak ahead of the March Budget that “now is not the time for tax rises”,…
HMRC’s late payment waiver a ‘lifeline to taxpayers’
Monday, 1 March 2021, 9:46
HMRC’s late payment waiver a ‘lifeline to taxpayers’
HMRC’s decision to waive Self-Assessment late payment penalties is a “lifeline to taxpayers”, according to accountancy firm Lamont Pridmore The…
HMRC ‘well placed’ to seek major investment to boost enforcement
Friday, 26 February 2021, 10:32
HMRC ‘well placed’ to seek major investment to boost enforcement
HMRC is “well placed” to seek a major investment package as the UK emerges from the current crisis, to enable…
Majority of self-employed ‘unprepared’ for IR35 changes, says EY
Friday, 26 February 2021, 9:30
Majority of self-employed ‘unprepared’ for IR35 changes, says EY
The majority of the UK’s self-employed workforce are “unprepared” for changes to off-payroll working rules, commonly known as IR35, according…
HMRC’s new scheme sees businesses pay VAT in monthly instalments
Tuesday, 23 February 2021, 16:04
HMRC’s new scheme sees businesses pay VAT in monthly instalments
HMRC has announced a new VAT referral scheme which allows for businesses to pay VAT in smaller monthly instalments. According…
HMRC investigations into big business can take four years to complete
Tuesday, 23 February 2021, 10:07
HMRC investigations into big business can take four years to complete
HMRC’s enquiries into big businesses’ tax affairs have been open for an average of 45 months, up from 43 months…