Category Archives: News

The government’s Making Tax Digital (MTD) plan is completely new information to one fifth of micro-businesses in the UK, research from FreeAgent indicates. Surveying 580 UK micro-business owners – whose companies had fewer than 10 employees – about the government’s Read more…

A staggering £16bn was lost through tax fraud last year, despite HMRC recovering £5bn through its Fraud Investigation Service (FIS). HMRC set up the FIS in July 2015, with 4,500 people employed to perform investigations into serious fraud. It has Read more…

HM Revenue and Customs is giving preferential treatment to Britain’s wealthiest and failing to follow up on outstanding tax bills properly, the Public Accounts Committee (PAC) has claimed. In 2009, a specialist HMRC unit was created to bring in more Read more…

Last year, there were 823,000 tax returns submitted on the final two days of January, and the accountancy body ICAEW has issued a warning to start early. The 30 and 31 January were the two busiest days, as people rushed Read more…

Long-term plans by HMRC to replace 170 offices with 13 larger regional centres, in an attempt to save money, could see 38,000 employees expected to relocate many miles away, according to a report. Critics have called the plans unrealistic, with Read more…

A list of priorities for the year ahead has been published by the Association of Certified Chartered Accountants (ACCA), which will look to address uncertainties such as Brexit negotiations. Securing the skills of accountants, the necessity for accountants to address Read more…

Online business finance supermarket Funding Options has found that unpaid corporation tax has risen from £1.5bn to £1.8bn in the last year, with many businesses unable to pay the requisite fees. Following the UK’s vote for Brexit, a large number Read more…

The Public Accounts Committee (PAC) has voiced serious fears around the digital plans of HMRC. The PAC’s concerns over multiple factors of the Making Tax Digital (MTD) plan come following its annual examination of HMRC. These worries included tax reliefs, Read more…

According to research from Careersinaudit.com, many accountants are wanting to make the switch from practice to commerce, and from commerce to practice. More than 1,300 accountants around the world took part in a survey, which shows that as many as Read more…

The accountancy profession has criticised the government once again over its plans to impose mandatory digital tax returns every quarter. The CloT, ATT and AAT surveyed members, and found that the plans are“unrealistic” and “insufficient”. The organisations have serious concerns Read more…