The total revenue HMRC generated from tax investigations and other compliance activity has risen to £30.8bn in 2021, up from £28bn in 2020 as it looks to pursue tax lost to evasion or avoidance during the pandemic, lawyers have announced.
Category: Finance
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Facebook’s libra cryptocurrency project ends in failure
It was once promoted as a new financial system that would transform how money is transferred around the world, but Facebook’s ambitious cryptocurrency project has ended in failure.
National insurance rise will go ahead despite Tory dissent, insists minister
A cabinet minister has argued that the national insurance rise should go ahead as planned despite Tory rebels reportedly pushing for it to be scrapped as the price for their support of Boris Johnson’s leadership.
MPs call for automatic pension help appointments
Pension savers should have appointments scheduled automatically to help them make better decisions, MPs have suggested.
Hair salon win against HMRC means businesses renting out a spare room can breathe sigh of relief
Following Wednesday’s decision by the First-tier Tax Tribunal in favour of a hair salon in Cardiff, businesses renting out a spare room can breathe a sigh of relief as HMRC’s attempt to circumvent the VAT exempt status of rent charges fails.
One in four aiming for retirement to begin at 60
Sixty is the most popular age to retire early, with one in four people aiming to do so at that age.
Why you need a financial model – shape up for investment in 2022
From financial models to pitch decks, preparation is key for investment, be sure to read all of this, tick off the check list and be prepared
UK businesses write off £8 in every £100 as uncollectable
UK businesses report losing £8 for every £100 billed in the last year due to the non-payment of invoices, according to the research by trade credit insurer Atradius.
Taxpayers could receive a Christmas bonus
Taxpayers who file their tax returns online by the 30 December may be able to enjoy a Christmas bonus.
UK’s anti-money laundering measures need complete reset, says report
Un-policed and often unenforceable anti-corruption laws have made the UK the global money-laundering capital for a post-Soviet Union elite, severely damaging Britain’s international reputation and the rule of law, the London-based thinktank Chatham House says in a report.
The issue of Net Zero and Taxation
“Net Zero” is set to become the phrase of the day. It may even eclipse some of the Covid jargon that has become part of our lexicon over the last two years!
Employers warned over care with Christmas payroll as could make employees worse off
Employers who try and help employees buy paying Christmas salaries early could affect those on universal credit by up to 55%.
Haulage company sets out to solve HGV driver shortage by becoming partnership
Hertford-based haulage company, Matthews Haulage, today announced that it has formed Matthews Haulage and Partners Limited Liability Partnership (LLP) with the assistance of its tax advisers, Optimal Compliance.
Sky Sports presenter handed £281,000 IR35 bill
Leading IR35 specialist, Qdos, have responded to the news that Sky Sports TV presenter, Dave Clark, has lost an IR35 case appeal carrying £281,084.48 in tax liability.
UK business rates review may tax streaming services and online goods
Streaming services, such as Netflix and Spotify, online newspapers, ebooks and items reserved online but picked up in stores could be subject to a new online sales tax if ministers give it the green light.
