The court has ruled that the taxpayer’s use of a tax avoidance scheme was ineffective and declared that HMRC’s tax assessment of £250,000 from the purchase of a £5m property was valid
Thousands of working families in the UK could be missing out on an opportunity to get up to £2,000 a year to help with the cost of childcare, HMRC has warned parents
Corbin & King, the owners of London restaurants including the upscale Delaunay and the Wolseley, has entered administration although the restaurants continue to trade
The European Financial Reporting Advisory Group (EFRAG) has updated its governance rules and signed a number of tie-ins with sustainability bodies in readiness for its new role creating draft sustainability standards
The Financial Conduct Authority (FCA) is clamping down on companies that use insolvency or company law to manage their liabilities which ‘unfairly’ benefits the company at the expense of customers
MPs on the BEIS committee have questioned the potential chair of the Financial Reporting Council about his views about the regulator and his priorities if he is appointed
Two leading asset-based lending specialists have joined listed accountancy firm Dow Schofield Watts to launch a service providing due diligence and risk management services
Lord Agnew, the anti fraud minister in the Treasury who was responsible for efforts to counter fraud, has resigned over the failure to stem fraud over bounce back loans
Tax receipts have risen across the board with the latest figures showing that HMRC has collected £507.7bn between April and December 2021 which is £114.1bn more than the previous year, with corporation tax up significantly
Taxpayers spent the equivalent of two hours filing their tax returns in the last year, adding up to 25m hours of tax admin, research by Which has found
A construction company has been wound up by the High Court after offering fraudulent investment opportunities and scamming would-be-investors out of around £1.1m
A tax tribunal has ruled against a claim for multiple dwelling relief of £80,000 on a £2.7m property concluding that the annexe located inside the house could not be classed as two dwellings
The court has allowed an appeal against HMRC’s decision to refuse a taxpayer £19m VAT recovery ruling that the company did not know the relevant transactions were connected to fraud
A third of taxpayers are yet to submit their completed self assessment tax return and pay any tax owed ahead of the deadline on 31 January, HMRC has warned
Total sign-ups for HMRC’s Making Tax Digital (MTD) for Income Tax pilot has decreased from 877 in the pilot’s first year to only 26 in the 2020-21 tax year which causes concern for accountants
HMRC made 875 requests to professional services firms, such as tax advisers, accountants, and lawyers, for information relating to clients suspected of tax evasion in the last year