The Association of Taxation Technicians (ATT) is urging HMRC to take tougher action to combat ‘rogue’ advisers who inappropriately seek to maximise research and development (R&D) claims

HMRC has confirmed that it will continue to treat penalties on a risk based approach rather than automatically issuing penalties as was standard practice before the pandemic

Director’s loans can provide a useful mechanism, in the right circumstances, to release funds to shareholders, perhaps before dividends are due and sometimes in a more tax efficient way than drawing a salary out of a company. John McCaffery, tax partner and head of tax at Alexander & Co Chartered Accountants explains

A total of 519,120 VAT returns were filed late by businesses last year, up 13% from 459,190 the previous year, leaving many SMEs exposed to interest and penalties on their outstanding bills, warns UHY Hacker Young

Meg Wilson, tax writer at Croner-I, examines when HMRC can use discovery assessments, particularly in light of last month’s Supreme Court decision in R & C Commrs v Tooth [2021] BTC 15. It also highlights issues concerning discovery assessments that still require clarity

In our regular Q&A series, Croner Taxwise adviser Vanessa Matthews, explains the penalty regime relating to the late submission of P11D forms for employee expenses and benefits

The government proposes to introduce legislation in Finance Bill 2021 to provide a temporary extension to the loss carry back rules for trading losses of both corporate and unincorporated businesses

In a surprise move, the Office of Tax Simplification (OTS) has announced that it is reviewing the pros and cons of moving the current tax year end to 31 December or 31 March

The Low Incomes Tax Reform Group (LITRG) has published guidance on how and where to include grants received under the Self-Employment Income Support Scheme (SEISS) on tax returns for partnerships

Negotiators for the European parliament and council negotiators have agreed rules for greater tax transparency for multinational businesses

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for opting into the VAT deferral new payment scheme and corporation tax first quarterly instalment payment

HMRC is currently investigating 14 businesses for failing to stop instances of tax evasion with a third of the cases covering some of the UK’s largest organisations