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HMRC’s annual report for 2022-23 shows that investigations into tax evasion and tax avoidance have yielded a total of £34bn in extra tax revenue, up from £30.8bn...
The CIOT is concerned that the ‘sandbox’ piloting approach in the consultation document The Tax Administration Framework Review: Creating innovative change through new...
The Treasury Committee has called for ‘a comprehensive and systematic review’ into the cost of over a thousand tax reliefs. The new report concludes that the tax system...
1 October 2023Pay corporation tax liabilities for periods ended 31 December 2022 for small and medium-sized companies not liable to pay in instalments.5 October 2023HMRC must be...
In 2020-21, HMRC received £5.76bn in inheritance tax, according to HMRC statistics. This is a rise of £0.8bn (16%) compared to the previous year. The rise in...
Investment zoneSouth Yorkshire has been named as the first UK investment zone. It is focused on advanced manufacturing and includes the University of Sheffield and Sheffield Hallam...
The July edition of HMRC’s Agent updateincludes articles on the extension to 5 April 2025 for taxpayers to pay voluntary National Insurance contributions, influencing clients...
The government is considering making changes to two types of employee trusts: employee ownership trusts (EOTs) and employee benefit trusts (EBTs).The aim is to ensure that these...
The government is consulting on how the tax system can support employers to increase provision of occupational health for their employees. It is accompanied by a Department for...
New data from HMRC shows that £1.13bn in research and development (R&D) tax relief was handed out due to error and fraud in 2020-21. This represents 16.7% of all the...
Finance Act Finance (No 2) Act 2023 received royal assent on 11 July 2023. tinyurl.com/faroyalassent Tax credits Almost 28,000 individuals have used the HMRC app to renew their...
Labour Party proposals to remove tax breaks for private schools, including exemptions from VAT and relief on business rates, would raise tax revenues by about £1.6bn,...
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