HMRC publishes long-awaited responses to Making Tax Digital consultations

The Government’s long-awaited responses to six consultations about Making Tax Digital (MTD) which were originally opened in August 2016 have now been published.

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£3.5bn year-on-year fall in cash collected from HMRC tax probes targeted at large businesses

The amount of cash collected by HM Revenue & Customs (HMRC) from its investigations into large businesses and corporations has fallen by £3.5billion year-on-year, according to a new report.

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Self-employed people are happier, according to a new study

Self-employed people earn more money, work less, and are happier, according to new research published this week.

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HMRC publishes list of silliest self-assessment expense claims

A list of some of the silliest expense claims featured in recent self-assessment tax returns has been published by HM Revenue & Customs (HMRC).

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Wages up across the board, says study

Key UK regions and industries witnessed standout wage growth in the final three months of 2016, according to new research from online job board CV-Library. The study, which looked at salary growth across the UK, found that pay in the

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Small business owners are failing to fully understand tax returns, study reveals

A new study suggests that 31 per cent of small business owners do not know how to correctly submit their tax return, while 27 per cent did not think that they were required to submit one at all.

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HMRC compliance teams shift focus to target more SMEs

Compliance teams at HM Revenue & Customs (HMRC) are shifting their focus towards small and medium-sized enterprises (SMEs) – many of which are unprepared for close scrutiny, according to reports.

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Retail sales record biggest monthly fall for more than four and a half years

The UK’s retail sector recorded the sharpest fall in sales for more than four and a half years, official figures have revealed.

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Only six per cent of self-employed business owners are aware of Making Tax Digital

A new survey of self-employed workers and business owners suggests that only six per cent are aware of the Government’s imminent Making Tax Digital (MTD) project – which will make quarterly digital reporting mandatory for the majority of businesses.

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Couples urge Chancellor to reform marriage tax allowance

The Chancellor is floating the possibly of a marriage tax allowance reform after a survey revealed that three times as many people thought it should increase the threshold in which a partner starts paying tax.

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