EU proposes markedly lower country-by-country reporting threshold
The European Courts are considering a move to lower the threshold in which businesses must report country-by-country revenues, it has emerged.Continue reading
Crack down on unpaid CGT raises £140m for HMRC
New research suggests that investigations into unpaid Capital Gains Tax (CGT) managed to raise an additional £140million for HM Revenue & Customs (HMRC) over the course of the last financial year.Continue reading
Spiralling business rates close four pubs every day
Around four pubs close their doors every day in the face of rising business rates, a new study has revealed.Continue reading
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
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
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
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
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
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
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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