HMRC
We provide essential coverage of the HMRC’s latest rules, enforcement policies, and regulatory updates that impact finance professionals and accountants. Key topics include the latest developments in tax compliance, VAT, PAYE, corporation tax, anti-avoidance measures, and HMRC’s digital transformation initiatives like Making Tax Digital.
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Jun- 2024 -21 JuneLatest News
Complaints for HMRC delays jumps 65% to 35,000
The number of customers complaining about HMRC delays jumped 65% last year to 35,000, up from 21,000 in the previous year, according to new data obtained by UHY Hacker Young. The surge in complaints has led to HMRC paying compensation to thousands of customers. Customers successfully claimed compensation from the…
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21 JuneAdvice & Best Practice
Enhancing tax oversight with data-led compliance
As HMRC conducts its role as overseer of the UK’s tax environment, it continues to look at ways to enhance compliance amongst the business community. One way is the use of data to bolster enforcement efforts. John Lewis, senior consultant – tax investigations at Markel Tax explores the issue of…
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21 JuneLatest News
UK tax gap reaches £39.8m in FY 2022-23, HMRC finds
The tax gap between revenue the UK was supposed to raise and the amount annually raised has hit £39.8bn in the 2022-23 financial year. According to new figures released by HMRC, this gap represents 4.8% of the amount of tax due, down from 5.2% in the previous financial year. The…
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21 JuneTax
Inheritance tax receipts raise £1.4bn in two months
Inheritance tax receipts hit £1.4bn in just the first two months of the 2024/25 tax year according to the latest HMRC figures. This is £200m higher than the same period in the previous tax year, and continues the upward trend over the last two decades. In the 2023/24 tax year…
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20 JuneFeatures
Tackling efficiency and security challenges with Government Gateway
Government Gateway is the HMRC service where accountants spend much of their working day, but if you ask any of these users about the online experience of accessing the service, you will undoubtedly be met with a negative response. Every day accountants must login to numerous Government Gateway accounts, but…
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19 JuneBusiness
Lack of audit and corporate governance reform ‘inexcusable’, says ICAS
The Institute of Chartered Accountants of Scotland (ICAS) has called for the next UK government to urgently prioritise audit and corporate governance reform in order to restore trust in business and protect people’s livelihoods. The call comes as part of ICAS’ five key asks for the next government aimed at…
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18 JuneLatest News
Today’s news in brief – 18/6/2024
PwC has appointed Jamie Peel as director in its Manchester lead advisory team, enhancing its deals practice. Peel, formerly a corporate finance director at Zeus Capital, will oversee the special situations and restructuring M&A offerings in Northern England. With over 10 years of experience, Peel specialises in public company M&A…
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18 JunePeople Moves
Moore Kingston Smith welcomes two new partners
Moore Kingston Smith LLP, the multi-disciplinary advisory, tax and audit firm, has appointed Alison Kerrey to the tax technical team and Guy Taylor to the corporate finance team. A tax policy expert with over 20 years’ experience, the firm said Kerrey is a partner leading the tax technical team and…
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12 JunePeople Moves
Blick Rothenberg hires five new partners
Audit, tax and business advisory firm Blick Rothenberg has appointed five new partners to its Private Client, VAT and Global Mobility teams. Gabby Donald joins the firm as partner and has specialised in VAT for more than 20 years – she started her career at HMRC and has worked in…
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4 JuneLatest News
Today’s news in brief – 4/6/2024
Ballards Accounting Firm is continuing to strengthen its regional presence with the opening of a new office in Worcester, marking its third office launch in the Midlands this year. The latest addition, located in Diglis Waterside, will also be occupied by Four Squared Recruitment, Ballards’ sister company, underscoring the firm’s…
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