Business news

Revenue’s crackdown on VAT evaders yields £3.4 billion from small and medium firms - 25 September 2017

New analysis of HM Revenue & Customs’ (HMRC’s) data has revealed that the department collected an additional £3.4 billion from small and medium-sized businesses in the tax year to April 2017. Investigations in the 2016/17 tax year by HMRC’s compliance

HMRC launches new online forum to give small business owners direct tax advice - 25 September 2017

A new online forum has been launched by HM Revenue & Customs (HMRC) which has been designed to help company owners resolve simple issues related to starting and growing a company. The new website provides a message board, discussions and

Taxpayers begin to receive simple assessment requests (PA302) - 25 September 2017

Taxpayers across the UK will have begun to receive a simple assessment (form PA302) from HM Revenue & Customs (HMRC), which will ask for payment of tax that cannot be coded out under PAYE. A simple assessment is a tax

HMRC dynamic coding causes issues for taxpayers - 25 September 2017

From July this year, HM Revenue & Customs (HMRC) has been utilising its new system of dynamic coding, which allows for in-year adjustments (IYAs) of a person’s tax code. Under the new regime, codes can be adjusted by the Revenue

Government begins to play its hand at the Brexit negotiation table - 25 September 2017

The Government has begun to publish a number of position papers which aim to set out how it intends to negotiate with the EU during the Brexit process. The proposals, released at the end of August, set out how the

Scammers take advantage of businesses ignorance on EU VAT rules - 2 August 2017

Businesses across the UK are being targeted by scammers who are charging them to update companies VAT registration numbers online, when it is not necessary. Typically businesses are told that as part of changes to EU legislation, which obligates all

Landlords – unpaid tax should be declared sooner rather than later - 2 August 2017

Landlords are being advised that HM Revenue & Customs (HMRC) is redoubling its efforts to crackdown on individuals who fail to properly report their taxes. A number of reports have emerged recently which suggest that the Revenue’s Connect ‘supercomputer’ is