Economy
489,000 businesses in ‘financial distress’ since EU ref, study finds
Friday, 18 October 2019, 12:40
489,000 businesses in ‘financial distress’ since EU ref, study finds
Research from Begbies Traynor, hs revealed that numbers of businesses in “significant financial distress” has increased 40% in the three…
R&D tax relief claims rise by over 20%
Monday, 14 October 2019, 12:35
R&D tax relief claims rise by over 20%
New statistics from HMRC has revealed that there was a 22% year-on-year rise in the number of claims for research…
Scots still ‘failing’ to understand devolved taxes, says CIOT
Monday, 14 October 2019, 12:12
Scots still ‘failing’ to understand devolved taxes, says CIOT
Scots are “struggling more than ever” to understand how devolved tax powers work, according to the latest survey of public…
BBC presenters lose IR35 tribunal
Friday, 20 September 2019, 12:36
BBC presenters lose IR35 tribunal
Three BBC presenters have lost a tribunal with HMRC in relation to personal service companies (PSCs) the presenters had to…
Restaurateurs disqualified for failing to pay £4m in taxes
Wednesday, 18 September 2019, 12:32
Restaurateurs disqualified for failing to pay £4m in taxes
Two restaurateurs from Glasgow have been banned for a total of 17 years after they caused a loss to HMRC…
HMRC delays implementation of reverse charge VAT
Monday, 9 September 2019, 13:55
HMRC delays implementation of reverse charge VAT
HMRC has announced a one-year delay to 2020 to the introduction of reverse charge VAT in the construction sector, which…
Accountant and haulage boss jailed for tax fraud
Friday, 6 September 2019, 11:31
Accountant and haulage boss jailed for tax fraud
An accountant and haulier who lied to employees and customers to commit a £130,000 tax fraud have been jailed after…
Father and son sentenced for horse box fraud
Thursday, 5 September 2019, 11:01
Father and son sentenced for horse box fraud
A father and son who ran businesses that bought and sold horse boxes have been sentenced after an investigation into…
HMRC reaches Making Tax Digital for VAT implementation ‘milestone’
Thursday, 29 August 2019, 11:42
HMRC reaches Making Tax Digital for VAT implementation ‘milestone’
HM Revenue and Customs (HMRC) reached a “significant milestone” in the rollout of Making Tax Digital (MTD) with the first…
HMRC has collected £37bn from ‘brand-new’ taxes introduced over last decade
Tuesday, 27 August 2019, 12:48
HMRC has collected £37bn from ‘brand-new’ taxes introduced over last decade
HM Revenue and Customs (HMRC) has collected £37bn from brand-new taxes that it has introduced over the last decade, according…