National Audit Office leads independent review of controversial Loan Charge

A major regulator will lead an independent review into the controversial Loan Charge scheme after concerns that taxpayers were “not ready” to face the penalty.

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Making Tax Digital: what happens next?

Making Tax Digital (MTD) for VAT was launched in April 2019, which means that hundreds of thousands of businesses are now recording and reporting their accounts digitally to HM Revenue & Customs (HMRC).

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What happens if I don’t understand VAT?

What your business needs to know about VAT…

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Government delays domestic VAT reverse charge until October 2020

The Government has announced that it will delay the implementation of the domestic VAT reverse charge for building and construction services by a year.

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HMRC publishes IR35 guidance

HM Revenue & Customs (HMRC) has published its first in-depth guidance for off-payroll workers (IR35) and how they will operate in the private sector.

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Government to allocate trading numbers to more than 88,000 UK firms ahead of Brexit

Ahead of a potential no-deal Brexit, the Government has announced that it will start automatically enrolling UK firms in the customs system.

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CIOT urges HMRC to delay VAT reverse charge for the construction industry

The Chartered Institute of Taxation (CIOT) is urging HM Revenue & Customs (HMRC) to delay the introduction of the VAT reverse charge for the construction industry.

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HMRC to investigate cryptocurrency investors over tax payments, report reveals

HM Revenue & Customs (HMRC) plans to investigate cryptocurrency investors in a bid to crackdown on tax evasion, a report suggests.

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Half of all SMEs make VAT return mistakes

Half of all small-medium sized enterprises (SMEs) make errors when filing their VAT returns, according to the latest research.

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New rules to crack down on ‘phoenix companies’ confirmed for April 2020

Company directors who attempt to “sidestep” their tax liabilities by forcing their company into insolvency will face tougher penalties from next year.

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HMRC investigates a quarter of estates that pay IHT

In the 2018 to 2019 tax year, HMRC opened 5,537 inheritance tax (IHT) investigations, which equated to almost a quarter (23 per cent) of the 22,000 estates on which the tax is applicable.

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HMRC collects £122 million in overseas tax following CRS rule change

HM Revenue & Customs (HMRC) collected £122 million in extra tax from overseas assets in the 2018/19 tax year, following the introduction of the new Common Reporting Standard (CRS) tax regime.

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HMRC defeated in latest high profile IR35 case

A radio presenter has become the latest high profile person to win an IR35 tribunal case against HM Revenue & Customs (HMRC).

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HMRC publishes Making Tax Digital ‘Mythbusters’ helpsheet

HM Revenue & Customs (HMRC) has published a Making Tax Digital (MTD) ‘Mythbusters’ helpsheet to clarify the current situation regarding businesses and MTD.

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Making Tax Digital – important updates

The VAT notice for Making Tax Digital (MTD) has been updated, relaxing the rules to help clients.

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