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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Thousands of businesses struggling to get to grips with MTD

According to the latest industry research, thousands of businesses are struggling to get to grips with Making Tax Digital (MTD).

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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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Freeports to “boost investment” in UK after Brexit, say policymakers

The Government will establish 10 new ‘Freeports’ in a bid to boost growth and encourage trade after the UK leaves the EU.

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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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Could the IHT seven-year rule on gifts but cut to five?

At present, when someone dies within seven years of passing on money, property or possessions to loved ones, tax of up to 40 per cent must be paid.

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HMRC issue incorrect CGT allowance to thousands of taxpayers

HM Revenue and Customs (HMRC) has recently issued nearly 350,000 incorrect short tax returns, indicating an error in taxpayers’ capital gains allowance.

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UK ‘tax gap’ at record low, figures reveal

The tax gap – the difference between the amount of tax that should be paid and what is actually paid – has shrunk to just 5.6 per cent.

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Time taken to settle HMRC tax investigations reaches record length

The length taken to settle HM Revenue & Customs (HMRC) tax investigations reached an all-time high in March 2019.

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