Following requests for clarification on HMRC’s use of contractors signed up to disguised remuneration schemes, the head of the tax authority has written to MPs confirming that it no longer hires this type of contractor
As the fourth self employment income support scheme (SEISS) ramps up for applications, HMRC has confirmed the penalty regime with harsh fines for abuse of the financial support
A study by the Institute for Government (IFG) says Scotland would have to make ‘difficult fiscal adjustments’ if they went independent and would be forced to impose spending cuts and tax rises to balance the books
Jesse Norman MP, financial secretary to the Treasury, has told businesses and accountants at the annual HMRC stakeholder conference that HMRC’s priorities for the future of the tax system will heavily involve Making Tax Digital (MTD)
HMRC is delaying the payment of self-assessment tax refunds and threatening to remove individuals from the self-assessment regime if extensive and onerous information is not provided, says accountants Hillier Hopkins
Younger generations will be relying on their inheritance as overall wealth is likely to be determined by their parent’s assets rather than their own earnings research by the Institute for Fiscal Studies (IFS) reveals
The pandemic has taken a toll on tax revenues as the latest figures show total tax receipts for the tax year 2020 to 2021 are £584.3bn, a significant £49.1bn lower than in the same period a year earlier
HMRC has released updated guidance in relation to the payment of football agents, particularly where those agents have worked on behalf of both club and player in brokering a transfer or new contract, known as dual representation
In our regular Q&A series, David Woolley, tax consultant at Croner Taxwise, looks at the use of deeds of variation when dealing with a deceased person’s estate
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