Businesses in construction, film production and freight, were just some of the 145 businesses that attempted to dodge £21.5m in taxes, all of which have since been handed steep penalties
The largest share of the tax gap is down to small businesses which do not pay the right amount of tax, either by making careless errors, failing to take reasonable care or deliberate evasion
As annual inheritance tax receipts exceed £6bn a year, it is essential to follow some basic tax planning to protect your estate. Stevie Heafford, tax partner at HW Fisher, explains
The slump in property transactions has hit the Treasury’s coffers as the latest tax take figures show stamp duty land tax receipts were down £900m in a single month as inheritance tax surged
An international charity has been struck off the register of charities after the regulator found it had spent only 5% of its income on charitable activity
Major high street retailers, WH Smith, Lloyds Pharmacy and M&S, are among more than 200 businesses which failed to pay national minimum wage rates to employees
The head of HMRC told MPs that it had underestimated the complexity of Making Tax Digital (MTD), which had caused eight years of delay and a failed pilot scheme
A lack of action means UK regulators are playing catchup on how to control the rapidly growing crypto market, argues Ben Lee, crypto tax partner, Andersen LLP
Following lobbying by MPs, Treasury officials will write to the Treasury Committee once a year with an update on progress on government efforts to simplify tax rules
In this week’s Q&A, Croner-i tax advisor Julian Payne, explains exit charges when disposing of property and tax liability for taxpayers leaving the UK on a permanent basis
Audit committee chairs have little influence over the quality of ESG reporting at their companies, while they criticised how many disparate issues were shoehorned into the catch-all phrase
The government is considering tightening the rules to make it more difficult for multinationals to avoid paying the diverted profits tax and bring it into the corporation tax regime
A group of ICAEW accountants in Manchester have urged the government to increase their focus on professionalism as part of its long-awaited plans to reform audit
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