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Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had their contracts cancelled as a result of these rules.
The UK’s 4.3m self-employed workers have been advised to prioritise their tax compliance after official HMRC data shows that the tax authority opened 299,000 tax enquiries last year – a 52,000 jump equivalent to 21% compared to two years before.
HM Revenue and Customs (HMRC) has announced that the rollout of the new additional information form that is required to support all claims for Research and Development (R&D) tax relief or expenditure credit has been pushed back by seven days.
HM Revenue & Customs has calculated that in the 2020-21 financial year, £1.1 billion was taken due to fraud and mistakes from two separate programs targeting both larger and smaller companies.
After losing the argument over Gary Lineker’s employment status, HMRC plans to appeal the ruling at the Upper Tribunal
Women’s private pension pots in the UK are typically worth 35% less than those of their male colleagues by the time they reach 55, according to the first major government study into what has been termed “the great gender pension chasm”.
Non-departmental funding body UK Research and Innovation (UKRI) must pay HM Revenue & Customs (HMRC) £36m in back-dated tax.
Inheritance tax receipts hit £600 million in April 2023 according to data released by HMRC this morning. This is £100 million higher than in April of the previous tax year.
UK businesses overpaid £11.9bn in corporation tax the past year says UHY Hacker Young, the national accountancy group.
News that the government has launched a consultation to address the ‘double taxation’ of IR35 under the off-payroll working rules has been universally welcomed.
Government proposals to streamline the research and development (R&D) tax relief system have been called into question by top 10 accountancy firm Azets.
Bitcoin could reach $100,000 by the end of next year, an analyst at Standard Chartered has claimed.
Sky Sports tennis presenter has lost an IR35 tax case against HMRC on a technicality.
Some £177.6 million was lost to impersonation scams last year, with more than 45,000 cases reported, according to a finance industry trade body.
The government has removed two identified tax avoidance schemes from its official list after legislation which allows for a scheme to be publicised only allows it to be made public for 12 months.
