A First Tier Tribunal (FTT) has allowed an appeal over tax return amendments and penalties for late filing and inaccuracies after the taxpayer argued that they were unaware of the contents of the returns due to being in an abusive relationship

With rumours swirling around ahead of the Autumn Budget on 22 November, Sara White, editor of Accountancy, discusses what could be included in the Budget following a tough year for tax professionals due to delayed regulations and retrospective tax rules, Making Tax Digital deferral and IT glitches at HMRC, execerbated by the snap general election

President Donald Trump has named David Kautter as the interim head of the US Internal Revenue Service (IRS) and will take up office next month when current IRS Commissioner John Koskinen’s term expires

President Donald Trump has clinched a major victory in his battle to introduce the most significant reform of the US tax code in a generation, winning a vote in Congress which means the necessary legislation will be fast-tracked

Latest HMRC figures suggest the ‘tax gap’ - the difference between the amount of tax that should, in theory, be collected by HMRC, and what is actually collected – has remained largely unchanged and is estimated at £34bn in 2015-16, or 6% of total theoretical tax liabilities

Two thirds of people involved in ‘hidden economy’ working cash in hand work with income which is not declared for tax purposes are unlikely to make their arrangements compliant, and half say it is difficult to register for tax or VAT

The Association of Taxation Technicians (ATT) is highlighting the need for taxpayers with undeclared UK tax liabilities relating to offshore interests to settle their affairs by 30 September 2018 or face stiff penalties

The introduction of the Trust Registration Service will prove burdensome for trustees with demanding reporting requirements for all taxable relevant trusts. Rebecca Goldring, manager at Blick Rothenberg, provides tips and advice on how to comply as the deadline for reporting approaches on 5 December

HMRC has clarified that imminent changes to the way benefits in kind are valued where there is an optional remuneration arrangement (OpRA) means that employers will need to update payroll software for P11D and P46 (Car) reporting

The Upper Tribunal has dismissed an appeal by the Clavis Liberty Fund 1 Partnership scheme, in a ruling HMRC expects to protect £325m in tax

The 31 October deadline to submit your paper self assessment return is approaching and ICAEW is reminding everyone to face their demons and avoid a nightmare by finding out what you need to do ahead of the Halloween deadline

HMRC’s tax take has seen its biggest jump since the recession in the last year, rising by £35.6bn, with a 10% hike in revenue from national insurance contributions (NICs) while higher rates of property tax have raked in £1.1bn in additional revenue