Tax

Taxes at highest sustained level since 1940s, says IFS

Tax take in the UK is at its “highest sustained level” since the 1940s, according to a new report published…

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Pension tax regime ‘must be simplified’, ACA survey finds

Some 75% of employers say they want the pension tax regime simplified, according to a new study from the Association…

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74% of organisations are not ready for new IR35 rules, research finds

Three-quarters of UK organisations are not ready for changes to off-payroll working rules, which are being extended to include the…

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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…

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Facebook paid only £28m tax on record £1.6bn UK revenues in 2018

Facebook’s UK operations paid only £28m in corporation tax last year, despite achieving a record £1.6bn in British sales. The…

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Self-employed individuals owe HMRC over £1bn in tax payments

According to the latest industry research, HM Revenue and Customs (HMRC) is currently owed £1.6bn in late tax payments last…

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Government policy denied Thomas Cook £2.5m tax stimulus, says Altus

As the repatriation of holidaymakers of collapsed tour operator Thomas Cook continues, it has emerged that the company’s high street…

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Majority of the UK does not understand personal tax, says Deloitte

People in the UK do not understand personal tax affairs, with young people the least knowledgeable, according to new research…

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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…

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Accounting association recommends 2.5% Scottish Tourism Tax

The Association of Accounting Technicians (AAT) has recommended that the Scottish government ignore calls for a flat rate Scottish Tourism…

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