Hmrc

HM Revenue and Customs (HMRC) and the Advertising Standards Authority (ASA) have launched new action to cut out misleading marketing by promoters of tax avoidance schemes. The joint enforcement notice aims to disrupt the activity of promoters and protect people from being presented with misleading a

Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300 million incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report. According to the newly published HMRC Annual Report and Accoun

HMRC has lost £31 billion to fraud and error, according to annual accounts published yesterday.  However, the figures have indicated that this is the lowest amount ever reported by the tax authority. 

The number of new tech start-ups in Scotland has increased by 57% in quarter three this year compared to quarter one data, according to new research conducted by audit, tax and consulting firm RSM.

UK businesses suffering from the effects of COVID-19 could be stifled further when HMRC becomes a major creditor when firms go bust, according to Simon Rothenberg, a manager at tax and advisory firm Blick Rothenberg. In a move that they hope will generate £185 million, HMRC will

HMRC has been accused of making fewer arrests on white-collar tax dodgers due to a lack of resources and criticism about it being too “trigger happy”.

HMRC is reminding Self Assessment customers that there are just 100 days left to complete their tax return ahead of the deadline on 31 January 2021. Each year, around 11 million customers complete a Self Assessment tax return. Customers can complete their 2019-20 tax return at any time up to the dea

The HMRC has admitted that Amazon will not be affected by the introduction of the new digital services tax, however, small traders who useth site to sell products will be penalised. UK Ministers had claimed that the tax which was announced in April, would make “global giants with profitable bu

HMRC has received more than 54,800 claims from customers using a new online portal which allows workers to claim tax relief for working at home.

The forthcoming investigation by HMRC into Airbnb landlords may be the last straw for growth in the short-term lettings market, according to property management firm Apropos. The firm believes that the announcement that Airbnb has passed on the financial transactions of 225,000 people who rent out h

Employers in Scotland who may have wrongly claimed support from the Coronavirus Job Retention Scheme (CJRS) are being warned to act now to avoid significant penalties from HM Revenue & Customs (HMRC).

Self Assessment customers can apply online for additional support to help spread the cost of their tax bill into monthly payments from yesterday without the need to call HMRC.                                   

Scotland has seen another rise in R&D (research and development) tax credit claims, according to statistics released by HMRC yesterday. The latest 2018-19 figures show Scottish companies made a total of 2,925 claims, up from 2,210 made at this time last year. There were 2,405 successful R&D

Savers across Scotland who hold an HMRC Help to Save account have benefitted from their first bonus payment.

Almost a quarter of the best-paid people in the UK are immigrants, according to analysis of tax returns collected by HMRC.