HMRC is warning taxpayers to be on their guard against fraudulent phishing emails, after receiving reports of almost 75,000 fake emails between April and September 2014 – a 70% increase on the same period in 2013
The Design Museum in London has become the latest cultural attraction to offer free entrance to its collections, after Chancellor George Osborne announced it has been joined the government’s VAT refund scheme, allowing it to reclaim the taxes paid on refurbishing new premises
HMRC’s yield from tax investigations into the construction sector rose by 7% to reach a record £131m last year and collected revenue has almost doubled over the last four financial years, according to research by NoPalaver group, a provider of accounting services to contractors
The government has issued a consultation to set out options to enable savers to hold innovative peer-to-peer (P2P) loans in their ISAs which will allow returns to be entirely tax free, for comment by 13 December 2014
Latest HMRC figures show £34bn of tax went uncollected last year, slightly more than the previous year and bucking the longterm downward trend for figures for the tax gap, largely because of difficulties in bringing in all the VAT and tobacco duty owing
Plans to create one of the world’s biggest pharmaceutical companies have fallen foul of the US government’s tough new stance on corporate tax inversions, after US pharma giant AbbVie abandoned its proposed $54bn (£34bn) takeover of UK drugs manufacturer Shire on the grounds the deal will no longer deliver the anticipated tax benefits
HMRC has ramped up its warnings to taxpayers that the deadline for completing paper tax returns for 2013/14 is the end of this month, and that any paper returns received after the 31 October deadline will result in a £100 penalty
The EU Council has agreed a draft directive extending the scope for the mandatory automatic exchange of information between tax administrations to create a tougher framework for banks and financial institutions
The European Commission (EC) has published its annual tax reforms report, Taxation paper No 48: Tax Reforms in EU Member States, which examines reform trends and provides in-depth analysis of challenges and possible solutions in key areas of tax policy
HMRC has launched an online service for UK financial institutions to register and report financial information on behalf of US customers in accordance with UK/US legislation under the Foreign Account Tax Compliance Act (FATCA)
The European Commission has launched a web portal to help businesses to adapt to the changes in VAT rules that will come into force in 2015 and to support the move to MOSS
As HMRC begins to reinforce the ten-mile rule on reporting business mileage, it is increasingly important to make sure that your business drivers are totally compliant with the new rules, says Nigel Morris, finance director at Fleet Innovations
The Chartered Institute of Taxation (CIOT) is calling on the government to drop the plans to restrict non-residents entitlement to the UK personal allowance
Two Essex businessmen who evaded £2.5m in corporation tax and VAT in a fraud linked to the supply of labour to the railway industry have been jailed for 10 years after a three-week trial at Southwark Crown Court following Operation Quiver led by HMRC
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