Economy
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…
Azets urges chancellor to support SMEs in March Budget
Monday, 22 February 2021, 16:45
Azets urges chancellor to support SMEs in March Budget
The forthcoming March Budget must “further relax business taxes and minimise the growing risk of closures and redundancies across SMEs”,…
HMRC raises £48bn from new taxes introduced over past 10 years
Monday, 22 February 2021, 10:15
HMRC raises £48bn from new taxes introduced over past 10 years
HMRC has raised £48bn from eight new taxes that the UK government has introduced over the last decade, according to…
Public finance deficit drops to £8.8bn
Monday, 22 February 2021, 9:50
Public finance deficit drops to £8.8bn
The UK’s public finance deficit dropped to £8.8bn in 2020, a smaller year-on-year decline than the previously anticipated £9.6bn. The…
March budget to encourage investment, predicts Deloitte
Friday, 19 February 2021, 9:44
March budget to encourage investment, predicts Deloitte
Ahead of the chancellor’s budget on 3 March 2021, Deloitte has predicted that it will concentrate on fuelling economic growth…
ICAEW: Scottish firms confident of a return to growth in 2021
Thursday, 18 February 2021, 10:05
ICAEW: Scottish firms confident of a return to growth in 2021
Scottish firms are confident the economy will see a return to growth in 2021, according to the Institute of Chartered…
HMRC halts investigation into VAT-evading online sellers
Tuesday, 16 February 2021, 10:08
HMRC halts investigation into VAT-evading online sellers
HMRC has only issued 80 data requests to platforms for information about online sellers it suspects of evading UK VAT…