HMRC is increasing interest rates for late payments for most taxes, after the Bank of England’s decision to increase the base rate to 1% from 0.75%.The rate for late paid...
Treasury fraud squad
The Treasury has created a new public sector fraud authority to recover money stolen from the Covid support schemes and to crack down on other organised...
Money invested through the enterprise investment scheme (EIS) decreased by 12% to £1.658bn in 2020-21. Latest figures from HMRC show that 3,755 companies raised a total of...
HMRC collected a record £157.2bn from VAT bills in 2021-22, a 55% increase on the £101bn collected in 2020-21.VAT received has risen sharply after the rate of VAT paid...
The remaining import controls on EU goods will no longer be introduced this year, the government has announced. This is in a bid to help ease the cost of living pressures.Instead,...
Charity advisers raised concerns over ambiguity in information relating to the naming of buildings in new guidance introduced in August 2019 following a review by HMRC of the donor...
Tax can be a vital part of the package of measures needed to deliver net zero and the government should have a clear overarching tax strategy to support the transition, says ICAS...
1 June 2022Payment of corporation tax for accounting periods ended 31 August 2021 for small and medium-sized companies where payment is not required by instalments.Check for...
The Department for Business, Energy and Industrial Strategy (BEIS) was ‘complacent in preventing fraud’ in the 100% taxpayer-guaranteed bounce back loan scheme, says...
HMRC collected £718.2bn in taxes in 2021-22, an increase of 22.9% from the year before. The latest statistics reveal that, during the year ended 31 March 2022 receipts from...
UK businesses and consumers have paid 62% more in customs duties on goods imported to the UK over the year to 31 March 2022 as Brexit changes take effect. They paid £4.8bn in...