One fifth of micro-businesses oblivious of Making Tax Digital (MTD) plans
The government’s Making Tax Digital (MTD) plan is completely new information to one fifth of micro-businesses in the UK, researchRead more.
HMRC lost £16bn in tax fraud last year
A staggering £16bn was lost through tax fraud last year, despite HMRC recovering £5bn through its Fraud Investigation Service (FIS).Read more.
HMRC warned to toughen up on the super-rich over tax
HM Revenue and Customs is giving preferential treatment to Britain’s wealthiest and failing to follow up on outstanding tax billsRead more.
Accountancy body warns to complete self-assessment tax return early
Last year, there were 823,000 tax returns submitted on the final two days of January, and the accountancy body ICAEWRead more.
HMRC staff face being relocated after plans to close offices unveiled
Long-term plans by HMRC to replace 170 offices with 13 larger regional centres, in an attempt to save money, couldRead more.
ACCA outlines main priorities for accountancy profession in 2017
A list of priorities for the year ahead has been published by the Association of Certified Chartered Accountants (ACCA), whichRead more.
Overdue corporation tax reaches £1.8bn
Online business finance supermarket Funding Options has found that unpaid corporation tax has risen from £1.5bn to £1.8bn in theRead more.
“Serious concerns” over HMRC’s digital plans
The Public Accounts Committee (PAC) has voiced serious fears around the digital plans of HMRC. The PAC’s concerns over multipleRead more.
Accountants looking to swap practice for industry
According to research from Careersinaudit.com, many accountants are wanting to make the switch from practice to commerce, and from commerceRead more.
Research declares Making Tax Digital plans ‘unrealistic’
The accountancy profession has criticised the government once again over its plans to impose mandatory digital tax returns every quarter.Read more.