HMRC

Today’s news in brief – 21/11/2023

Business advisory firm Fortus has merged with R&D tax credit specialist Copper Tax. Claire Upton, founder and director of Copper…

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IHT receipts set for record breaking year

HMRC has revealed that Inheritance Tax receipts were worth £4.6bn between April and October 2023, £0.5bn higher than the same…

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HMRC increased compliance staff by 3,000, Price Bailey finds

HMRC has increased the number of compliance staff by over 3,000 in the past year alone in a bid to…

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Poor HMRC service levels harming business, CIOT finds

Widespread dissatisfaction with HMRC service levels among tax agents and taxpayers makes it harder to do business, according to survey…

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Sloppy payroll racks up over £75m in penalty charges, HMRC says

New data from HM Revenue and Customs (HMRC) obtained by MHR, the HR, payroll and finance expert, shows the drastic…

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IHT receipts rise to £2.6bn

IHT receipts for April to July 2023 amounted to £2.6bn, which is £0.2bn higher than the same period a year…

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Record £16.7bn of CGT receipts registered by HMRC

Record amounts of capital gains and tax were recorded in the 2021 to 2022 tax year with HMRC recording Capital…

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61% businesses stuck in tax disputes for over a year

Three in five businesses (61%) have claimed that they are currently involved in a tax dispute with HMRC which has…

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BDO warns HMRC still has ‘a mountain to climb’ to collect £48bn in unpaid taxes

BDO has warned there is still “a mountain to climb” to collect £48bn in unpaid taxes, after HMRC announced the…

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UK non-doms paid record tax take of £12.4bn in 2022, says HMRC

In the tax year ending 2022, the HMRC estimated a combined total of at least 78,700 non-domiciled and deemed domiciled…

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