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Taxpayers waiting longer for HMRC enquiries to close, says study

A new study suggests that HM Revenue & Customs (HMRC) enquiries are taking longer to close – and that taxpayers had to wait an average of 60 days (or 24 per cent) longer for the Revenue to complete investigations last year.Continue reading

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Tax changes for non-doms just around the corner

Important changes to the tax treatment of non-domiciled (non-dom) individuals in the UK are due to take effect from the beginning of April – and those who believe they might be affected are strongly urged to seek advice.Continue reading

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Fraudsters rev up ‘phishing’ emails in tax season

Fraudsters are continuing to target taxpayers with fake HM Revenue & Customs (HMRC) emails in an effort to steal private and confident information.Continue reading

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Fresh concerns raised over forthcoming IR35 changes

The Association of Independent Professionals and the Self-Employed (IPSE) and other contractor bodies have issued fresh warnings about forthcoming reforms to IR35.Continue reading

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Making Tax Digital faces fresh criticism from House of Lords

The Government’s hotly-contested Making Tax Digital (MTD) project is now facing fresh criticism over its proposed £10,000 a year exemption threshold, above which businesses and self-employed individuals will need to report to HM Revenue & Customs (HMRC) on a quarterly basis.Continue reading

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Microbusinesses less confident than SMEs, study finds

Almost three quarters (73 per cent) of small and medium-sized enterprises (SMEs) at the larger end of the scale are anticipating business growth over the next two years, while only 45 per cent of microbusinesses are eyeing up similar ambitions.Continue reading

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HMRC will ask thousands of sole traders to ‘trial’ Making Tax Digital this year

Approximately 400,000 landlords and sole traders will be asked to ‘trial’ Making Tax Digital (MTD) before October 2017, according to reports.Continue reading

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Cyber security is “number one challenge” impeding digital strategy, say businesses

Around 55 per cent of businesses consider security to be the “number one challenge” when it comes to implementing digital technology, a new study has revealed.Continue reading

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HMRC phone lines “descended into chaos” ahead of tax return deadline day

Reports suggest that a “technology failure” left hundreds of thousands of self-assessment taxpayers “uncertain whether tax payments had cleared” on 30 January – the day before the deadline for online tax returns.Continue reading

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NIESR predict significant slowdown in UK economy

A think tank has warned of the possibility that the economy may slow down over the next two years in the face of trading uncertainty.Continue reading

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