HMRC has waived late filing and late payment penalties for self assessment taxpayers by one month, effectively delaying the tax return deadline to 28 February
In this month's exclusive Accountancy Daily CPD module, we look into Making Tax Digital (MTD) for income tax self Assessment (ITSA) focusing on the changes and how to prepare for the next phase of MTD for ITSA once it goes live
The Court upholds HMRC’s decision to issue a tax notice of £90,393 to a company but downgraded the £61,163 penalties as it was ‘careless’ and not deliberate
Large banks face a potential £2.2bn tax liability over disputed taxes, according to figures obtained by a Freedom of Information (FOI) request by DLA Piper, the global law firm
The OECD has published detailed rules to assist in the implementation of reform to the international tax system, which will see multinationals will be subject to a minimum 15% tax rate from 2023
The government is consulting on a draft statutory instrument to extend the scope of existing regulations to align the tax treatment of hedging instruments and hedged items
The House of Lords Economic Affairs Finance Bill Sub-Committee has accused the government of failing to make an adequate case for its proposed basis period reforms to the tax system
The latest cultural tax relief increase offers limited benefit for larger museum and gallery exhibitions, explains Naziar Hashemi, national head of social purpose and non profits, Crowe
HMRC is reminding self assessment customers to declare any Covid-19 grant payments on their 2020/21 tax return, including SEISS claims which are taxable
The Independent Fiscal Commission of Northern Ireland is calling for devolution of some Northern Irish taxes to bring it in line with Scotland and Wales
The UK film sector received an estimated £1.02bn in tax relief and generated £3.6bn in overall revenue for the Exchequer in 2019 according to the Screen Business 2021 report
Total tax revenues across the UK dropped by £33.4bn last year, according to the annual revenue release from the Organisation for Economic Co-operation and Development (OECD)
Taxwatch has confirmed to Accountancy Daily that it has received a response from HMRC after it threatened legal action over the out of court tax settlement with General Electric (GE)
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