VAT Registration
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May- 2024 -17 MayVAT
ICAEW invites research proposal for UK VAT reform
ICAEW has called for research proposals into the simplification of the UK’s VAT system to be submitted by 30 June 2024. The winning entrant will receive a £5,000 prize and the opportunity to present their research at a VAT Conference to be held at Chartered Accountants’ Hall in London in…
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Mar- 2024 -22 MarchAccounting Firms
66% of ACCA members agree poor HMRC services hurt SMEs
Some 66% of ACCA members reported that poor HMRC services were having a negative impact on their clients, with small businesses bearing the brunt of this issue, according to the association’s latest survey. The survey, which was carried out after the chancellor’s Spring Budget on 6 March, aimed to gather…
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7 MarchLatest News
Today’s news in brief – 7/3/2024
Carpenter Box, the Sussex and South East accountancy firm, has announced key appointments post its merger with Jones Avens. Kritina Perry and Alex Chidwick are promoted to client service directors, overseeing audits and financial reporting for diverse sectors. Jordan Abbott joins as associate director, bringing client-facing experience. All three, qualified…
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7 MarchLatest News
Accountancy sector expresses ‘mixed feelings’ to Spring Budget
Accountancy firms and bodies from the industry have reacted with mixed feelings following the Chancellor’s Spring Budget announcement yesterday (6 March). The most awaited announcement concerned a 2p cut to National Insurance contributions, a decision which would benefit 27 million workers, Hunt said. Glenn Collins, head of technical and strategic…
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Nov- 2023 -13 NovemberFeatures
HMRC service levels: what improvements are accountants calling for?
Can you tell us when and why was this survey made? The survey has been running during August and September and partly into October so it’s a fresh set of results. The reason for it being run is that our member feedback has been fairly, fairly negative about some of…
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1 NovemberLatest News
Accountants struggle to use HMRC services, ACCA says
New survey data from accountancy body ACCA has revealed that UK accountants are struggling to work with HMRC services. In a survey conducted on 2017 ACCA members, 52% of respondents said HMRC service levels were negatively impacting productivity and efficiency, either directly or for their clients. In addition, 93% of…
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Jun- 2023 -14 June
Abrupt change at HMRC
As HMRC seeks to embrace the efficiencies offered by digitalisation, at the same time streamlining services and securing cost savings, accountants, agents, and businesses are entering a period of increased turbulence with the government department. With less than three days’ notice to taxpayers, HMRC closed the VAT registration helpline on…
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Jan- 2022 -24 JanuaryAdvice & Best Practice
Tax returns: Everything you need to know
If you’re stressed about filing your tax return by the January 31 deadline, don’t worry – HMRC have cut you some slack. The government department is waiving late filing and late payment penalties for Self-Assessment taxpayers for one month, giving you extra time, if needed, to complete your 2020 to…
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Mar- 2021 -18 MarchComment
The Spring Budget: What it means for accountants
Even before the Chancellor Rishi Sunak delivered his second Budget, we knew that it would be nothing short of interesting, as it attempted to strike a balance between continuing to support people and businesses with the overall economy and government spending. Rumours abounded for weeks that this would be a…
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Feb- 2021 -9 FebruaryBusiness
Caterer receives seven-year ban for tax avoidance
Patrick Olusoji Ekundayo has received a seven-year disqualification and was issued with a penalty of more than £128,000 by the tax authorities after he avoided paying £500,000 in taxes. Ekundayo’s ban started on 4 February 2021, and he is now banned from directly or indirectly becoming involved, without the permission…
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