‘HMRC’s unambitious plans’ for recovering the £6bn it estimates it spent incorrectly in Covid-19 support payments – whether through fraud or mistakes...
February deadlineTaxpayers have until 28 February to file their 2020-21 self-assessment tax return to avoid a late filing penalty.Self assessmentAlmost 100,000 self-assessment...
In its annual report on the state of tax administration, TaxWatch notes that the UK leaving the EU necessitated an entire new system of customs arrangements for the UK, costing at...
The extension of off-payroll working rules to the private sector in April 2021 appear to have resulted in an increased use of umbrella companies, conclude the House of Lords’...
HMRC policy on early termination fees and similar payments is changing from 1 April 2022. The department now considers that charges made by businesses to their customers to...
Awareness of the forthcoming making tax digital for income tax self assessment (MTD ITSA) changes starting to creep up among self-employed workers, according to untied’s MTD...
HMRC is increasing interest rates for late payments for most taxes, after the Bank of England’s decision to increase the base rate from 0.25% to 0.5%.The rate for late paid...
Pillar oneMultinational enterprises will not have to collect ‘disproportionately burdensome’ data on themselves to determine where they should be taxed under the pillar...
HMRC has published guidance on how to value stocks and shares for inheritance tax purposes. It covers the various issues relating to the valuation of list shares and also those for...
Professional bodies are providing their members with advice on how to deal with HMRC letters demanding that they provide confirmation of their anti-money laundering (AML)...
From 26 January 2022, the probate application fee rose to £273 for estates valued at £5,000 or more. This is a flat fee that applies irrespective of who makes the...
A new tax on the profits that could arise when a business takes a valuable asset for its own benefit and, as a result, precipitates the collapse of an energy supply business, has...