New HMRC rules could save third sector millions
Updated HMRC guidance could save the third sector millions of pounds in VAT on digital advertising costs. The tax authority previously considered most digital advertising to be subject to VAT ...
Sunday, September 20, 2020
Tag: HMRC
UK businesses overpaid £9bn in corporation tax last year
UK businesses overpaid at least £9.1bn last year, up 12.4% from the previous year, according to a leading national accountancy group. According to UHY Hacker Young, this year’s figure will ...
HMRC to keep Bradford office open
HMRC has announced that it will now keep its Bradford office open until 2027, having previously said it planned to close the site in 2020 or 2021. In November 2015, ...
Bristol Cars enters liquidation
Classic car brand Bristol Cars has gone into liquidation after 75 years of trading, following a court-ordered process. The Bristol-based car manufacturer “finally succumbed” to financial pressure and winding up ...
HMRC yields £16 from small businesses for every £1 spent on staff
HMRC’s investigations into individuals and small businesses produced a yield of approximately £16 for every £1 spent on staff last year, according to research by international law firm Pinsent Masons. ...
Taxpayer arrests fall to five-year low
An RPC report has found that arrests made by the HMRC have fallen to a five-year low. The firm said that only 782 taxpayer arrests were made last year, which ...
Melissa Tatton appointed as HMRC’s tax assurance commissioner
Melissa Tatton has been appointed as HMRC’s tax assurance commissioner, overseeing the assurance and dispute governance arrangements that allow Parliament and the public to be confident that HMRC secures the ...
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 of more than £4m in unpaid taxes. Sukdev Gill signed ...
Airport car park boss must repay £300,000 over tax fraud
A jailed airport car park boss must repay almost £300,000 in stolen tax or face another three years in prison. Brian Pearson, was jailed in October 2017 for three years ...
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 was due to be implemented next month, after industry bodies ...
