Economy
HMRC’s Wealthy North team collects most extra tax each year
Monday, 12 June 2023, 10:28
HMRC’s Wealthy North team collects most extra tax each year
HMRC’s specialist ‘Wealthy North’ team brings in more extra tax from investigating wealthy people in the North than its specialist…
ACCA ‘concerned’ about HMRC’s self-assessment trial
Friday, 9 June 2023, 10:52
ACCA ‘concerned’ about HMRC’s self-assessment trial
ACCA has raised concerns about HMRC’s launch of a self-assessment trial which is planned for three months from 12 June,…
HMRC issues £3.2m in money laundering penalties
Thursday, 8 June 2023, 16:48
HMRC issues £3.2m in money laundering penalties
Hundreds of businesses fined a total of £3.2m for breaching anti-money laundering rules have been named by HM Revenue and…
Seasonal closure of HMRC’s self-assessment helpline ‘short-sighted’, warns RSM
Thursday, 8 June 2023, 16:41
Seasonal closure of HMRC’s self-assessment helpline ‘short-sighted’, warns RSM
In response to HMRC’s plan to trial a seasonal self-assessment helpline from 12 June 2023, RSM UK has warned that…
Trust in HMRC at its lowest in six years, says Fair Tax
Thursday, 8 June 2023, 10:55
Trust in HMRC at its lowest in six years, says Fair Tax
Public confidence in HMRC has reached its lowest point in six years according to a survey from the Fair Tax…
One in four UK businesses pursued exit strategy in past year
Wednesday, 7 June 2023, 15:36
One in four UK businesses pursued exit strategy in past year
One in four UK business owners reportedly “fast tracked” their exit strategies in the last year as the General Election…
Two companies face £100k fine over tax avoidance schemes
Wednesday, 7 June 2023, 14:58
Two companies face £100k fine over tax avoidance schemes
Two companies have been ordered to stop selling specific tax avoidance schemes immediately or else face an initial penalty of…
Inflation falls to 8.7% in April
Wednesday, 24 May 2023, 10:17
Inflation falls to 8.7% in April
Inflation has fallen to 8.7% in April, marking the first time it has been in single digits since last summer,…
EIS investment grew 39% in 2021/22, HMRC finds
Wednesday, 17 May 2023, 14:40
EIS investment grew 39% in 2021/22, HMRC finds
New figures released by HMRC have revealed a 39% year-on-year increase in EIS funding in 2021/22, with total investment through…
Number of self assessment taxpayers who file early doubles in 5 years
Tuesday, 16 May 2023, 11:37
Number of self assessment taxpayers who file early doubles in 5 years
The number of self assessment customers who have filed their tax return early on the first day of the tax…