HMRC’s handling of research and development (R&D) tax relief compliance continues to result in valid claims being rejected says the Chartered Institute of Taxation. The institute has written again to HMRC about the issue following an exchange of letters over…

HMRC conducted surprise visits at 24 eateries in Edinburgh, London, St Helens, and Stoke to combat electronic till fraud. Some restaurants use electronic sales suppression tools to alter records and evade taxes. HMRC is urging those involved in these tools…

48 countries, including the UK, have agreed on the Crypto-Asset Reporting Framework (CARF), an OECD tax transparency standard. CARF mandates crypto platforms to share taxpayer information with tax authorities, aiming to combat tax evasion facilitated by the crypto market. Estimated…

Chancellor allocates £163m to boost HMRC's debt team, aiming to recover £4.67bn in unpaid tax over six years. Funds may enhance enforcement, leverage advanced tech for tax evasion detection, and address legal, ethical, and public perception challenges in debt collection.

HMRC is targeting taxpayers who incorporated their property business in 2017-18 and claimed full incorporation relief, reporting no capital gains tax. The CIOT reports a letter campaign urging taxpayers to review their relief calculation. If unsure, they're advised to seek…

Taxpayers building their own home can now digitally submit VAT refund claims for DIY housebuilding, with the option effective from 5 December 2023. The time limit for claims will extend from three to six months after completing the build. This…

In the UK, directors may be held personally liable for company penalties if they fail to fulfil their legal and fiduciary duties. This can happen if HMRC can prove that the director has deliberately concealed the facts and submitted incorrect…

Great news for employees! HMRC has just announced that you won't face any additional tax charges when your employer covers the cost of electricity for charging your company car at home, whether it's for business or personal use. But that's…

Accountants face challenges with HMRC services, affecting productivity and efficiency. In a survey of UK ACCA members, 52% said HMRC service levels negatively impact them or their clients. Additionally, 93% called for improvements in key areas: reducing call waiting times,…