Probate fee proposals dropped
One good thing that has come out of the snap election announcement is the dropping of proposals to increase probate fees.
HMRC, Tax & Treasury
When does tax go digital for your business?
HMRC’s ‘Making Tax Digital’ plans, which include the start of quarterly reporting and the production of subsequent year end reconciliation tax report, come into effect at different points based on a company’s or partnership’s size and turnover.
HMRC criticised for online VAT losses
The National Audit Office (NAO) has given a scathing response to HMRC’s efforts to tackle the issue of tax lost to online VAT fraud and error, which could be up to £1.5bn annually.
HMRC updates guidance on mandatory online filing at company closure
HMRC has recently updated its corporation tax guidance on end of company life in relation to the requirement to file a tax return at the point of closure.
Unannounced visits by HMRC – guidance update
HMRC have recently updated their guidance on compliance checks for unannounced inspection visits.
Footballers’ own tax goal
Following criticism from the Public Accounts Committee (PAC), HMRC has initiated a specific football compliance project, with technical experts set to visit all English Premier League, Championship and Scottish Premier League clubs over a three-year period.
HMRC launches new fraud hotline
HM Revenue and Customs is hoping to capitalise on negative perception of companies that evade tax by launching a new hotline for the public to report fraud and evasion.
VAT refund scheme to benefit more museums
The government has recently added a further 29 UK-based museums and galleries, which offer free admission to the public, to the VAT refund scheme.
Making Tax Digital could cost small businesses over £2k
Following the intervention of the Treasury Select Committee an independent review into HMRC’s Making Tax Digital plans is set to clarify costs to business of quarterly tax reporting.
HMRC spotlight on disguised remuneration
HM Revenue and Customs (HMRC) regularly publishes ‘spotlights’ about tax avoidance schemes that it believes are being used to avoid paying tax due. Here we take a look at a recent one on disguised remuneration: tax avoidance using annuities (Spotlight 35)
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