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ATT launches appeal to shelve Making Tax Digital’s quarterly reporting

The Association of Taxation Technicians (ATT) has launched an appeal calling upon HM Revenue & Customs (HMRC) to shelve plans to introduce quarterly digital reporting.Continue reading

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Small businesses at risk of paying too much VAT

There are growing concerns that SMEs are increasingly being overcharged VAT because of failings in guidance issued by the tax authority in relation to its flat rate scheme.Continue reading

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RICS figures reveal decline in house price growth and new buyer enquiries

New figures released by the Royal Institute of Chartered Surveyors (RICS) have revealed a decline in the growth of house prices and the number of new buyer enquires since the implementation of George Osborne’s Stamp Duty Land Tax (SDLT) surcharge.Continue reading

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UK industry shrinks again and heads back into recession

UK industry went back into recession as it shrank for the second quarter in a row, according to the Office for National Statistics (ONS).Continue reading

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Information requests issued by HMRC’s Fraud Investigation Service on the rise

The number of production orders issued by HM Revenue & Customs (HMRC) is continually on the rise, says the Revenue’s Fraud Investigation Service.Continue reading

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HMRC to crack down on companies paying staff in gold bars

HM Revenue & Customs (HMRC) has warned large firms to stop swerving tax by paying staff in bullion, after the Government found that numerous businesses were still attempting archaic tax avoidance schemes.Continue reading

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SMEs buckle under increasing pressures

A large number of British SMEs are buckling under increasing regulatory and compliance pressures, when they could be seeking specialist advice to stay afloat.Continue reading

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Buy to let tax comes under increased scrutiny as lenders turn to first time buyers

George Osborne’s controversial buy to let tax is finding itself under increased scrutiny from would-be investors since the Chancellor’s changes took effect at the beginning of last month.Continue reading

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British manufacturing shrinks for the first time in three years

UK manufacturing activity contracted in April for the first time in three years, a survey has indicated, adding to fears over the economy’s strength.Continue reading

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HMRC to take tech expansion to the next stage

Following ongoing attempts to ‘make take digital’ and join the technological revolution, HM Revenue & Customs (HMRC) has announced plans to invest £215m in managed desktop services and cloud collaboration.Continue reading

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