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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Industry bodies call for Government to delay IR35

UK industry is calling for the Government to delay plans to extend the IR35 tax law to the private sector.

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Owner of ancient burial ground charged thousands in business rates argues he should be exempt

A man who opened the first ‘Neolithic’ burial mound to be built in the UK for some 5,500 years has been asked to pay more than £13,000 in business rates.

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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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HMRC refunds £1.8 million child benefit tax penalties

HM Revenue and Customs (HMRC) has issued £1.8 million in refunds after reviewing cases where families were hit with penalties for failing to register for a charge relating to their child benefits.

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HMRC backs down from pension tax case

HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy.

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HMRC exceeds prosecution referral target

HM Revenue & Customs (HMRC) has exceeded its prosecution referral target for the year ending March 2018.

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Are you aware of the inheritance tax risks associated with gifting?

According to new research conducted by the National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS), only one in four people who make financial gifts are aware of the inheritance tax (IHT) risks.

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HMRC wins disguised remuneration disputes

HM Revenue & Customs (HMRC) have been awarded the ruling in two cases involving disguised remuneration arrangements, reports have revealed. 

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Making tax digital is live today, yet one million businesses are not registered

As of today, UK based businesses that have a taxable turnover above the VAT threshold of £85,000 will be required to switch to the new digital tax service to report earnings and calculate VAT owed.

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