HMRC has issued guidance on time to pay arrangements which specifies what businesses need to do if they are unable to pay their tax bill and need to spread the costs
The Centre for Policy Studies has urged reform of carbon pricing to ‘ensure polluters are paying for the damage they cause’, in a report released and backed by Stanley Johnson
HMRC has extended the trial of a pre-release version extension of its PAYE for the agent’s online service which allows agents to see employer liabilities and payments
The Making Tax Digital initiative, which the government states should be ‘making it easier for individuals and businesses to get their tax right’ has significantly increased costs and admin burdens for small firms
HRMC has issued an order to seize £26.5m worth of cash allegedly obtained fraudulently through the furlough scheme from ‘non-existent’ businesses run by an ‘entrepreneur’
Chancellor Rishi Sunak could introduce cuts worth £2bn for government departments tasked with meeting the Tories’ flagship ‘levelling up’ agenda despite the biggest tax rise in a generation
The UK’s accountancy institutes are concerned that without an improved basis period reform then Making Tax Digital (MTD) for income tax will not be successful
Chemring has removed a contingent liability of up to £15m after HMRC confirmed that an enquiry into its participation in the UK’s controlled foreign company (CFC) finance exemption has been closed
Chancellor Rishi Sunak has hailed global cooperation after 136 countries have agreed to the new system to ensure that large multinationals pay the right tax
The Pandora Papers revealed that Conservative party co-chairman Ben Elliot jointly owned a secret offshore film financing company that indirectly benefited from more than £120,000 of UK tax credits
In this week’s Q&A, Croner Taxwise adviser David Lawson considers the capital gains tax liability under business asset disposal relief rules when a shareholding has been diluted and a business is sold