Category: Uncategorized

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

Government plans crackdown on umbrella companies by creating a legislative framework and reviewing employee pay processes and tax liability – UK loses around £400m a year to marketed #tax avoidance – a lot of proposals to digest

Fake companies caught in £500k covid loan fraud – More than 10 sham companies that fraudulently claimed over £500,000 in bounce back loans have been shut down by the Insolvency Service

Duo of #tax avoidance promoters face £100k fines – Peak PAYE and Saxonside given stop notices and ordered to stop selling specific tax avoidance schemes immediately or face penalty of £100k #HMRC

Airbnb hands over users’ detailsto taxman to help track down those failing to declare incomeAirbnb has shared its users’ income details with HMRC to help officials track down those who have failed to pay the right amount of tax.The earnings data goes back as far as the 2017-18 financial year.Airbnb hosts are aware their data…
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HMRC targets 512 businesses using ‘tax havens’ – claims fail to meet OECD’s substantial activity requirements as don’t have core income-generating activities, senior employees or genuine operating expenditure in countries