HMRC loses £60,000 VAT assessment due to the senior compliance officer failing to sign the assessment form in time, rendering the assessment out of time

In this week’s Q&A, Croner-i payroll advisor Vanessa Matthews QBE explains all the changes after the national living wage (NLW) increases 

HMRC has issued a bankruptcy petition to a former England football star who spent time playing for Chelsea and Manchester City

Reform UK has proposed a £250,000 Britannia card for non-domiciled individuals that will go into the pockets of the lowest earners in the UK

With the date for the Autumn Budget still to be set RSM tax partner, Chris Etherington, says capital gains tax (CGT) could be revisited as the chancellor looks to fill financial holes

In just one month businesses have paid out nearly £2bn in extra employers’ National Insurance while capital gains tax take fluctuates by the month as hit by weak M&A market

A Surrey based children’s soft play and farm has lost its appeal at tribunal after miscalculating the real time information of their employees but tried to blame the staff

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Billions of pounds of tax remain uncollected as HMRC reports the tax gap has grown to £46.8bn, equivalent to 5.3%, with small businesses the worst offenders for yet another year

The definition of food when it comes to VAT has been argued upon for decades and is in need of urgent change, says leading tax barrister, as rules outdated and do not ‘stand the test of time’

A wholesaler of machine tools is this month’s worst deliberate tax defaulter, owing HMRC over £33m, while trio of payroll agencies have dodged £6.1m 

With the abolition of non dom status, the brand new foreign income and gains (FIG) regime is in force and the old domicile concept has gone. Laura Burrows, CTA, senior technical writer at Croner-i explains how FIG works, and tax issues for qualifying new residents and transition measures