Month: June 2023

More than 184,000 low-earners crippled by HMRC fines – HMRC handed out fines for over 180,000 low-earners for not filing their self-assessment returns on time, despite many not even making enough to pay tax

AI adoption could see £31bn boost to UK economy – The UK economy could receive a £31bn boost from the adoption of generative AI, with some sectors seeing more of an impact than others, according to research by KPMG

HMRC expands use of COP9 #tax investigations – ‘refreshed Code of Practice is part of wider push to re-establish COP9 as HMRC’s primary civil investigation tool in tackling tax fraud. It has been developed in consultation with agents

Tesco removes VAT on suntan lotion – With temperatures continuing to soar, Tesco plans to pay the VAT bill on store brand sun care products this summer

Hospitality directors banned for £700k tax debt – A couple have been banned from being company directors for three years after owing more than £700,000 to HMRC

A Grant Thornton partner, HMRC fraud investigation boss and former chair of Federation of Small Businesses given awards in King’s first honours list

Deadline for extra National Insurance payments extended by two years – Taxpayers will now have an extra two years to make additional payments to their National Insurance (NI) contributions to increase state pension entitlements

Making Tax Digital costs spiral to £1.3bn for HMRC – The rollout of Making Tax Digital is expected to cost HMRC five times the original forecast in 2016 following repeated delays

HMRC takes dangerous stance against taxpayer in bankruptcy filings – The pursuit of rugby star Lawrence Dallaglio by HMRC over unpaid taxes has thrown back into the spotlight the controversial methods deployed by the state

Airline training company loses £10.7m VAT appeal – An airline training provider has lost a High Court appeal against a demand issued by HMRC for £10.7m related to a clearance request