Nine businesses are being probed by HMRC for potential breaches of the new corporate criminal offence of failing to prevent the facilitation of tax evasion, with 21 other potential cases under criminal review. Tax experts at Pinsent Masons said that the figures should act as a wake-up call to S
Hmrc
Scottish salmon exports have risen by 22% on the previous year to reach a record £618 million, according to the latest HMRC statistics.
The Scotch Whisky Association (SWA) has revealed industry export figures for 2019, showing worldwide growth.
HMRC has highlighted ten of the weirdest excuses and expense claims it has received in the last decade. The top ten most bizarre excuses and questionable expenses claims for items, in reverse order, are:
It is likely that the British Treasury will have to refund billions of pounds to freelance workers after it announced that it was minimising its crackdown on tax avoidance after it faced criticism in an official report.
Scottish businesses are benefiting from record levels of trade with Japan, as UK exports totalled £14.8 billion in the year to September 2019, up by over 7.6% on the previous 12 months. Latest figures from the Department for International Trade show that Atlantic salmon exports to Japan w
HM Revenue and Customs (HMRC) is warning millions of Self Assessment customers to be aware of fraudsters in the run-up to the 31 January deadline. Over the last year, HMRC received nearly 900,000 reports from the public about suspicious HMRC contact - phone calls, texts or emails. More than 100,000
The chief executive of HM Revenue & Customs (HMRC) has publicly denied that it made any mistakes when pursuing repayments from Rangers FC for unpaid tax. In a very unusual move, chief executive Jim Harra made a social media announcement to reject the claims made in The Times that mista
A multi-million-pound mistake made by HM Revenue & Customs (HMRC) is being blamed for the financial problems which caused the downfall of Rangers Football Club. The Times reported that HMRC has publicly recognised that it claimed too much tax from the club and accordingly, up to £50 millio
Airbnb UK has received a warning from HM Revenue and Customs (HMRC) that legal proceedings could be initiated against the company over "tax laws or regulations impacting the company's business".
The Edinburgh Tax Network, the Institute of Chartered Accountants of Scotland, Chartered Institute of Taxation and Her Majesty's Revenue and Customs, with support from Terra Firma Chambers, will present a joint seminar and discussion on 24th October on the subject of ‘Exiting from Private/Fami
Statistics released yesterday by HMRC have revealed that Scotland has seen another rise in Research and Development (R&D) tax credit claims. The latest 2017-18 figures show Scottish companies made a total of 2,210 claims, up from 1,900 made that this time last year.
The Financial Reporting Council (FRC) has appointed Simon Dingemans and Sir Jon Thompson as its new chairperson and chief executive respectively. Simon Dingemans replaces Sir Win Bischoff, who steps down after six years in the post. Sir Jon Thompson succeeds Stephen Haddrill who held the role of chi
Anderson Anderson & Brown LLP (AAB) has appointed partner Derek Gemmell as head of innovations tax. Mr Gemmell has been with the firm for eleven years.
Bosses at Goals Soccer Centre, the five-a-side football pitch provider, have admitted that the £12 million blanks in their accounts could be much higher.