HMRC has revealed that it will not appeal against Loose Women presenter Kaye Adams' court win over IR35 rules.
Hmrc
Aberdeen Italian restaurant boss, Masoud Mehri, has been jailed for 58 weeks after he failed to pay more than £50,000 in taxes. Mr Mehri ran the now-closed Piccolo on Bon Accord Terrace in Aberdeen.
The Chartered Institute of Taxation (CIOT) has voiced continued concerns over HMRC's approach to managing research and development (R&D) tax relief compliance.
HM Revenue & Customs (HMRC) is bracing for a surge in taxpayer queries and potential operational strain as an estimated 1.2 million individuals have found themselves liable for tax on savings interest due to increased earnings and higher savings rates.
Recent data unveiled by ACCA has highlighted significant issues UK accountants face when interacting with HMRC services at even the most basic level. Over half (52%) of the surveyed UK ACCA members voiced concerns that HMRC's service quality was negatively affecting their work efficiency. This
The Institute of Chartered Accountants of Scotland (ICAS) has raised concerns in response to the Chancellor's announcement proclaiming an immediate cap on the Civil Service headcount. The UK government decided to introduce cap on headcount at its current level will be introduced with immediate effec
A new regulation has come into effect requiring Scotland’s 29,000 taxi and private hire drivers to undergo HM Revenue and Customs (HMRC) tax checks as a prerequisite for the renewal of their operating licences. The new measure aims to foster tax compliance within the taxi and private hire indu
The Institute of Chartered Accountants of Scotland (ICAS) has expressed concerns to HM Treasury in its review of the supervisory model for anti-money laundering (AML) and counter-terrorism financing (CTF) compliance, with three of the models listed in the consultation putting recent progress in
Scottish businesses stand at risk of losing up to £100 million this year, a consequence of non-compliance with newly instated requirements for research and development (R&D) tax relief claims, an R&D tax relief expert has warned. “The unclaimed £100m should be invested
Widespread dissatisfaction regarding HMRC's service levels among both tax agents and taxpayers has been highlighted by a recent survey carried out by the Chartered Institute of Taxation (CIOT). A majority of respondents say that poor service levels make it harder to do business, and that they doubt
As part of UK Savings Week from 18 to 24 September 2023, HM Revenue and Customs (HMRC) is urging nearly 430,000 young adults aged between 18 and 21 to claim their unclaimed Child Trust Funds (CTFs). Child Trust Funds are long-term, tax-free savings accounts and were set up for every child born
HM Revenue and Customs (HMRC) has paid out over £500,000 to whistleblowers who exposed tax fraud in the last fiscal year – an incremental increase from £495,000 the preceding year, but a significant 75% more than the £290,000 disbursed five years prior, according to law firm
Recent data has revealed that the proportion of HM Revenue & Customs (HMRC) staff working remotely has surpassed the numbers seen at the peak of the first national lockdown.
Scottish businessman Mohammed Ameen Mirza could face jail time after admitting tax evasion. The fifty-eight year old filed fraudlent declarations for his store in Glasgow’s Gorbals and another in Cambuslang, Lanarkshire, in April 2014.
Newly released figures have revealed that the UK government's decision to freeze the inheritance tax threshold could affect almost four times more families than initially expected. The forecast by the HMRC suggests that 49,400 estates will face inheritance tax by 2028, significantly higher than the