Many small businesses do not understand requirements for electronic invoicing and this issue is likely to become more problematic with HMRC move to compulsory e-invoices from 2028
The start of the new enhanced HMRC whistleblower scheme alters the risk environment for tax advisers, particularly on legacy tax arrangements, warns Rachel Cook, Of Counsel at Peters & Peters
If it looks like a duck, swims like a duck and quacks like a duck then surely it is regulation of tax advisers despite claims from government and HMRC it is not. Ellen Milner, director of public policy at the Chartered Institute of Taxation (CIOT) is not convinced
Latest figures from HMRC show 21% of taxpayers registered for MTD for Income Tax with nearly 700,000 not yet signed up and low numbers of individual taxpayers
With days until Making Tax Digital for Income Tax goes live for £50,000 plus landlords and self employed, HMRC clarifies exit options and cessation process
A Soho film investor is one of this month’s top deliberate tax defaulters owing £14.1m to HMRC along with a pandemic PPE supplier, a prop maker, Dubai landlord and OnlyFans creator
Treasury minister puts former head of HMRC, Sir Jim Harra in charge of sorting out the mess at National Savings & Investments, saying NS&I needs ‘best leadership’
All businesses will have to use commercial software to file company tax returns from 1 April as current system ‘outdated’ but warning to save three years of records