Businesses that fail to disclose their tax strategies to the public are likely to receive a nudge letter from HMRC, says national accountancy group UHY Ross Brooke.The department...
Motoring expensesHMRC has updated Notice 700/64 on motoring expenses to add information on when a business sells a second-hand vehicle in Northern Ireland bought in Great...
Representatives from CIOT recently attended a meeting with HMRC to discuss the issue of remittances of loan monies secured against collateral representing foreign income or gains....
HMRC has published the October Agent Update which provides technical news and reminders. It has the usual array of articles including on the new reliefs for alcohol duty, overlap...
The sunset clauses for the enterprise investment scheme and venture capital trusts should be extended beyond 2025, says the government, in agreement with the Treasury...
Early filersAlmost 250,000 self-assessment taxpayers filed their 2022-23 tax return during the first week of the tax year, HMRC has revealed. The data showed that those opting to...
HMRC has issued Spotlight 63 concerning an avoidance scheme marketed to landlords which claims to bypass mortgage interest relief restrictions, reduce taxable profits from the...
For three years from April 2023, all companies will be able to deduct 100% of qualifying plant and machinery investment immediately when calculating taxable profits for corporation...
Former head of Formula 1 Bernie Ecclestone has pleaded guilty to fraud after failing to declare a trust in Singapore which held assets worth more than £416m.He has been...
The trust registration service (TRS) had 633,000 trusts and estates registered up to 31 March 2023 and that remain open on 31 August 2023, according to HMRC statistics.About...
HMRC has reminded employers about the permanent easement on reporting PAYE information in real time over Christmas.Employers that pay early should report the normal or contractual...