The Treasury is set to announce plans for a new, tougher penalty regime for accountants and other advisers who offer ‘aggressive’ tax avoidance schemes, with fines of up to 100% of the tax underpaid by clients if such schemes are challenged, in a bid to crack down further on tax losses

Just 17% of agents believe HMRC to be an efficient organisation which does not waste money, while over half gave HMRC a negative rating for efficiency in the department’s own customer survey, which has also revealed there are a number of areas of agent interaction which need improvement

MPs and professional bodies are calling on the government to use the newly announced consultation on HMRC’s Making Tax Digital (MTD) plans to consider further changes to the proposals, which would see more businesses and individuals given exemption from online tax reporting requirements

HMRC has cut the interest rates and allowances for late and early payments following the recent cut in the Bank of England base rate to 0.25% due to come later this month

The ‘simplification’ of reporting requirements for partnerships is proposed as part of the government’s Making Tax Digital policy, consultation documents reveal

Nearly a million buy-to-let landlords could benefit from proposals set out in the consultation on digital tax accounts, which are set to introduce the option for buy-to-let landlords to be taxed on the cash basis

HMRC’s consultation on proposals for Making Tax Digital (MTD) includes details of plans for taxpayers to opt for a voluntary pay as you go (PAYG) approach, allowing them to make payments at a point of their choosing towards an expected tax liability

Unincorporated businesses, the self employed and landlords will be required to update HMRC on their tax position at least quarterly through digital tax accounts under long awaited plans published today

HMRC’s long-awaited consultations into how its flagship Making Tax Digital (MTD) strategy will work in practice have been published and has been divided into seven documents focusing on specific customer groups or specific elements of the reforms, which HMRC says reflects the scale of the planned changes, which have been subject to some strong criticism from MPs and professional bodies

The Treasury is holding a nine-week consultation on the design of the bands for ultra-low emission vehicles (ULEVs) from 2020-21 onwards in the company car tax system, to focus incentives on the cleanest cars 

Guidance on how the apprenticeship levy will be operated has been issued by the Department of Education, as the government embarks on its promised invest £2.5bn in the apprenticeship system by 2020

As the long-awaited detail on the apprenticeship levy is set to be revealed, business groups suggest the move could herald significant improvements in talent development if the government ‘gets the package right’