New call for professional accountancy standards

Calls have been renewed for the Government to make membership of a recognised professional body mandatory for anyone offering paid-for tax accountancy services.

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Government to crack down on rogue tax advisers

Accountants who provide tax advice may be required to hold professional indemnity insurance (PII) under new laws proposed this week.

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Increasing number of taxpayers targeted with threatening tax scams, HMRC warns

Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned.Continue reading

Businesses are missing out on ‘significant’ revenue due to unclaimed VAT

UK businesses are losing 12 per cent of their revenue because they are failing to reclaim VAT, the latest research has revealed.Continue reading

Self-employed who missed extended tax return deadline “not eligible” for SEISS support, HMRC reveals

Self-employed taxpayers who failed to file their tax return by 02 March 2021 will not be entitled to further support under the Self Employment Income Support Scheme (SEISS), it has been revealed.Continue reading

MPs call for business rates cut in 2021 Budget

A total of 45 MPs in England are calling for Chancellor Rishi Sunak to cut business rates in England from 50 per cent of the market rent to 35 per cent in the 2021 Budget.Continue reading

Online sales tax proposal for Autumn Budget

The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage.Continue reading

EU exports halt as UK firms encounter extra charges

Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a result. Continue reading

What to do if you’re rejected for Time to Pay

An estimated 25,000 taxpayers have registered to spread out tax payments this year using the Time to Pay service, HM Revenue & Customs (HMRC) recently revealed.Continue reading

Self Assessment: thousands spread tax liabilities in response to coronavirus disruption

Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed.Continue reading

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