Tax
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Jul- 2022 -8 July
£134bn rise in tax burden in the last year, UHY reports
Last year saw the biggest increase in UK tax receipts since the millennium, reportedly rising by £134bn (23%) from £584bn…
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5 July
ATT welcomes proposals to simplify low income trust affairs
In its response to a recent HMRC consultation, the Association of Taxation Technicians (ATT) is said to welcome the proposals…
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4 July
Higher-rate taxpayers to hit record number in 2022-23
Accountancy firm Bates Weston has reported that the number of higher-rate taxpayers is set to increase in 2022-23, with a…
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Jun- 2022 -23 June
Finance professionals struggle with MTD, survey shows
Finance professionals are reportedly still struggling with the switchover to Making Tax Digital (MTD) software, according to a new survey…
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10 June
Scottish tax measures for plastic packaging come into force
A ban has been in place since 1 June in Scotland on what has been referred to by the Scottish…
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May- 2022 -23 May
Corporation Tax rise sees UK fall 16 places in global league tables
The UK’s decision to raise corporation tax by 6% next year means the country will face a fall of 16…
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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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