Jun 2, 2023 | Business RegulationBusiness Tax
A Government consultation on changes to cash basis accounting has been called ‘limited' by the Association of Taxation Technicians (ATT). For any reforms to be effective, the ATT believes there should be an overhaul of permitted interest deductions and loss claims for...
May 17, 2023 | Business RegulationCurrent Affairs
Company insolvencies in England and Wales fell by nearly a third (31.8%) in the month to April 2023, according to the latest figures from the Insolvency Service. In total, 1,685 companies were registered as insolvent last month, including 1,368 creditors' voluntary...
May 2, 2023 | Business RegulationBusiness TaxPersonal Tax
HMRC has launched a consultation that will run until June, focusing on the risks of double taxation in the IR35 system. Current legislation could change to offset tax payments by contractors who are accidentally charged as if they were sole traders. At the moment,...
Aug 31, 2022 | Business Regulation
HMRC has addressed the delay in R&D tax credit processing times and paused payments in a message to the Chartered Institute of Taxation (CIOT). HMRC stated that since April, it has faced an increase in fraud within the R&D tax credit relief system and paused...
Aug 24, 2022 | Business Regulation
Companies House is launching a single sign-on service to make it more accessible for its users. The WebFiling account will help users with extra security features and is the first move towards Companies House creating a single sign-in across all its services. A launch...
