The number of companies forced to close following petitions presented by creditors jumped 63% to 2,067 in 2023, up from 1,265 in 2022, according to statistics from the Royal Courts...
Form P1000 onlineHMRC has published form P1000 online – it was previously only available on request from HMRC. The form is used to advise HMRC of the personal representatives on a...
HMRC has published Agent Update 121. It contains a variety of updates and reminders such as the guidelines on football agents’ fees and dual representation contracts, basis...
Among the planned 40 new bills announced in the King’s speech was a new law giving the Office for Budget Responsibility – the independent watchdog for public finances -...
There are pressing tax issues around the administration of the tax system which deserve to be treated as a priority, says Chartered Institute of Taxation president Charlotte...
At least 21 UK professional football clubs have VAT or corporation tax debts, according to HMRC data obtained by Lubbock Fine.Many clubs are struggling with the debts that worsened...
HMRC is writing to persons with significant control (PSC) who have not filed a tax return or may not have declared all their income, reports the ICAEW. These are individuals who...
HMRC has launched a new VAT registration estimator tool.The tool allows businesses to input relevant data and experiment with different input and output figures – it is meant...
HMRC figures published on 9 July show that the estimated number of non-domiciled taxpayers rose to 74,000 in the tax year ending 2023, due in part to the forthcoming abolition of...
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers who have overpaid income tax that, from now on, they will need to request their...
Private schools should review the accounting treatment of pre-paid school fees in order to avoid huge tax charges at a later date, according to Daphne Hemingway, VAT director at...