HMRC target retailers in tax evasion clamp down

HM Revenue & Customs (HMRC) will target small retailers as they begin their crackdown on backhand cash payments, a report has revealed.

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HMRC shakes up VAT rules for overseas online retailers

In a bid to crack down on value-added tax (VAT) avoidance, HM Revenue & Customs (HMRC) has amended VAT rules to fall in line with new laws for overseas online retailers.

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UK economy suffers from serious imbalance in liquidity

Cash reserves have ballooned over the last five years, but companies are not doing enough with their funds to drive the growth of the economy, a report has revealed.

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HMRC ‘premises raids’ have risen by more than half in five years

The number of ‘property raids’ or ‘premises raids’ undertaken by HM Revenue & Customs (HMRC) as part of criminal investigations into tax evasion have risen by more than half in the last five years, according to new reports.

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Five million UK taxpayers now using digital accounts, says HMRC

HM Revenue & Customs (HMRC) claims that as many as five million UK taxpayers have now started using personal digital tax accounts (PTA) in anticipation for Making Tax Digital (MTD).

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Company cars next in line for the salary sacrifice chopping block

Cash for car schemes will be the new focus of HM Revenue & Customs’ (HMRC) consultation on the future of salary sacrifice arrangements.

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UK SMEs investigating new business strategies

Two thirds of Britain’s Small and Medium-sized Enterprises (SMEs) say that they have investigated new business plans or strategies this summer, according to the latest research.

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HMRC push back Making Tax Digital for majority of SMEs

Jane Ellison MP, finance secretary to the Treasury, has confirmed that the roll-out date for Making Tax Digital (MTD) will be pushed back for the majority of businesses. SMEs will now have until 2019 (previously 2018) to prepare for the

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OTS criticises controversial IR35 reforms

Controversial plans for an IR35 overhaul proposed by HM Revenue & Customs (HMRC) have come under fire from the Office for Tax Simplification (OTS), which is warning that such changes will overcomplicate the tax system.

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Studies reveal fall in SME confidence

A new survey carried out by Lloyds Bank has suggested that the confidence levels of Britain’s Small and Medium-sized Enterprises (SMEs) are falling, after it found that a large proportion of SMEs held back on investment plans this summer.

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