One in four not seeking official advice when taking early pension

Over £6 billion has been paid out from pension savings since last year’s freedom and choice reform, but less than a quarter of Britons are seeking advice before withdrawing, a HMRC report has revealed.

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Prime Minister and HMRC to battle tax avoidance and publicise fraud

Newly appointed Prime Minister Theresa May has ordered officials in the Government’s “policy unit” to draw up additional plans to crackdown on offshore tax havens and corporate tax avoidance.

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UK risks overseas investment through high property tax

The UK ranks outside the top 10 for property tax, and risks reducing its attractiveness to overseas investors by charging higher purchase taxes than its main competitors, a study has found.

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SMEs failing to take cyber security seriously, says study

Small and Medium Enterprises (SMEs) across the UK are putting themselves at risk by failing to take their cyber security seriously, according to new research.

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Calls for digital-driven HMRC to improve telephone services

Under the shadow of Making Tax Digital (MTD), HM Revenue & Customs (HMRC) has again come under fire for its diminishing telephone services.

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FRC in serious doubts over extended EU powers after referendum

The outcome of the recent EU referendum has raised significant questions about the future of the Financial Reporting Council (FRC).

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IR35 proposals are an ‘unwelcome burden’, say employers

Employers have spoken out against controversial changes to IR35 recently penned by HM Revenue & Customs (HMRC).

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WH Smith to no longer pocket unnecessary VAT

Following a damning investigation, WH Smith Travel will now pass VAT savings to non-EU bound customers in its airport branches.

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Economists downgrade post-Brexit growth forecasts, but Britons disagree

A number of economist think tanks have downgraded their UK GDP growth forecasts following Britain’s vote to leave the European Union (EU) – but the British public seem to disagree with their gloomy outlook.

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HMRC underestimating the cost of Making Tax Digital for SMEs, says NAO

HM Revenue & Customs (HMRC) is failing to fully estimate how much it could cost Small and Medium enterprises (SMEs) to convert to Making Tax Digital (MTD), according to new criticisms.

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