A taxpayer had part of his penalties cancelled after falling victim to the malpractice of his accountants however his six-month penalties remained as the daily reminders should have prompted him to take action

HMRC is consulting on secondary legislation to reduce administrative burdens by simplifying the PAYE settlement agreement (PSA) process, by removing the current requirement on employers to renew their PSA annually, and providing for an ‘enduring agreement’

HMRC has issued guidance covering changes to enveloped UK dwellings and related finance which took effect from 6 April 2017 and limit the availability of excluded property for inheritance tax (IHT), meaning that some properties which were previously excluded may no longer fall into that category

The High court dismissed a taxpayers claim to recover £215,000 in overpayments of tax ruling that it had no jurisdiction to entertain this claim and the taxpayer had no reasonable grounds for bringing it

VAT receipts now account for 21% (£124bn) of all of HMRC’s tax income, up from just 16% during the recession, and the rise in VAT demands coupled with late payment issues is creating cashflow problems for small businesses, according to analysis by Funding Options

A couple's appeal against late filing penalties was dismissed by a First Tier Tribunal (FTT) after it ruled that the failure to submit non-resident capital gains tax (NRCGT) returns due to ignorance of basic law was not a reasonable excuse

The latest scam to hit taxpayers is a call to mobile phone numbers from fraudsters posing as HMRC officials requesting immediate payment of £500 in so-called vishing attacks

The government has signalled its intent to use the new unexplained wealth orders (UWO) regime which came into effect last week as a way of tackling possible money laundering by Russian oligarchs and others suspected of corruption who have bought luxury properties in the UK

The lower corporate rate, foreign dividend exemption and foreign derived intangible income make the US a more attractive location for foreign investments, but there are potential downsides for global businesses, say Craig Hillier, international tax services leader at EY

HMRC has released a raft of guidance in relation to non-doms, including updates to the deemed domicile rules and the remittance basis, plus information about cleansing mixed funds, which apply from 6 April 2017

The number of taxpayers who submitted their tax returns before the 31 January deadline hit 10.7 million, surpassing previous years records, with over 758,000 people cutting it fine and leaving it to the last minute to file

HMRC has published guidance on updates to the business investment relief (BIR) rules, which apply from 6 April 2017 and mean a qualifying investment can now be made by acquiring existing shares in a target company, amongst other changes