Experts are urging businesses to pay their VAT on time following a ruling at a recent tax tribunal, which ruled that a six-figure fine for missing a VAT payment by just one day was ‘proportionate’ for a struggling London firm.
The Chancellor of the Exchequer has warned that there could be a profound shock to the UK economy if voters back leaving the EU this summer.
David Cameron has appointed Jon Thompson, the permanent secretary of the Ministry of Defence (MoD), as the new chief executive of HMRC, it was revealed this week.
The Financial Ombudsman Service has published the latest complaint figures against financial firms, with banks continuing to dominate.
HMRC’s new dividend tax will cause complications in the 2016/17 PAYE codes used by owners and directors.
Former pensions minister Steve Webb criticised George Osborne yesterday, claiming that the Treasury is plotting a “tax bombshell” which will hit thousands of British people.
Fears have been raised that a controversial new trade deal being negotiated between the European Union (EU) and the United States could make it more difficult to tackle tax avoidance in future.
From April 2016, all UK private companies and LLPs will have to disclose their beneficial owners under the new Persons of Significant Control (PSC) register.
Conservative London mayoral candidate Zac Goldsmith has said he will publish his tax return after facing a grilling over his tax status.
The Confederation of British Industry (CBI) has estimated that SMEs face an additional bill of approximately £29 billion over the course of our current Parliament.