Aug 25, 2023 | Business Tax
HMRC has delayed the launch of an online service to help sole traders, self-employed, and accountants calculate overlap relief due to a rule change to basis accounting. The original 31 August launch date has been pushed back to 11 September as HMRC faces technical...
Aug 15, 2023 | Business Tax
The Government should remove tax deductions made on payments by landlords to tenants for construction work on properties, according to the Chartered Institute of Taxation (CIOT). The Construction Industry Scheme (CIS) requires contractors to deduct money from payments...
Aug 9, 2023 | Business Tax
Claiming research and development (R&D) tax credits is set to become more difficult as HMRC seeks to clamp down on the estimated £1.13 billion of fraud and error in claims. From 8 August 2023, all businesses or their R&D advisers will have to fill in an...
Aug 7, 2023 | Business TaxPersonal Tax
Total tax debt hit £44.5bn in June - a 6% increase on the same time last year - according to the latest figures from HMRC. While HMRC said there was "little change" in the proportion of customers filing their tax returns before the deadline, the number of customers...
Jul 31, 2023 | Business Tax
A lack of costings, growing levels of fraud and excessive complexity mean that the Treasury needs to be more transparent about multi-billion pound tax breaks, MPs have said. The Treasury committee has called on HMRC and the Treasury to provide a breakdown of how the...
