Tax
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May- 2022 -20 May
AAT opposes gov’s Online Sales Tax proposals
The Association of Accounting Technicians (AAT) has revealed its opposition to the government’s online sales tax proposals, adding the effect…
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Mar- 2022 -1 March
HMRC’s tax investigation yield jumps to £30.8bn in past year
The total revenue HMRC generated from tax investigations and other compliance activity has risen to £30.8bn in 2021, up from…
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Feb- 2022 -24 February
UK’s CGT bills hit record £12.9bn
The UK’s Capital Gains Tax bills jumped 20% from £10.8bn to a record high of £12.9bn in the past year,…
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23 February
Self-assessment refunds ‘stuck’ in HMRC up by 133% in 4 years
The gap between the number of tax repayments generated by self-assessment taxpayers, and the number of repayments that were issued…
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16 February
Access2Funding secures £15.7m for UK businesses in 2021
Tax relief specialist Access2Funding has revealed it helped UK SMEs claim back £15.7m in R&D tax credits last year. Access2Funding…
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8 February
Post-Covid recovery: where to employ tax increases
With the pandemic becoming more steadily controlled, the spotlight has shifted onto how the UK economy now plans to recover.…
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Jan- 2022 -31 January
Foreign firms responsible for a third of underpaid tax, analysis finds
HMRC believes that foreign-owned companies are responsible for 32% of all the underpaid tax by large businesses in the UK,…
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13 January
UK to discuss global minimum tax for multinational groups
The UK government has published a consultation seeking views for how a worldwide 15% minimum corporation tax should be domestically…
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Dec- 2021 -16 December
FRP Advisory sees H1 profits drop to £5.7m
FRP Advisory has reported that pre-tax profits for the six-month period ended 31 October 2021, dropped to £5.7m from £7.1m…
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14 December
Accountants spend 7 days getting clients MTD compliant
Accountants and bookkeepers are investing a “significant amount of time” getting clients compliant – but in the long-term, the new…
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