Manchester United Football Club manager, José Mourinho, has issued a statement following recent accusations claiming that he moved millions of pounds offshore to avoid paying tax
With the party season about to start, ICAEW is reminding employers that there's no need to be a scrooge this Christmas as thanks to a tax break, businesses can spend a tax-free amount of up to £150 per employee each year.
The government expects to claw back approximately £3.96bn by 2020/21 through the introduction of restrictions to interest deductibility for corporates in the Finance Bill 2017
The financial services sector paid a total tax contribution of £71.4bn in the year to 31 March 2016, a 7.4% rise on the previous year’s figures and the highest since the finance crash, according to analysis by PwC
Ahead of the busiest period for self assessment returns, HMRC has slashed the number of fake emails sent to taxpayers by 300m by introducing a new level of security
HMRC is consulting on ways to streamline clearances for companies using the tax-advantaged venture capital schemes and EIS/SEIS, as the number of applications has increased threefold creating problems with service levels at the tax authority
HMRC has announced plans to toughen its stance on businesses, agents, advisers or others who enable tax avoidance schemes, and is to consult on a proposed new legal requirement that intermediaries notify HMRC of the creation of certain complex offshore financial arrangements and provide a list of clients using them
The government has published nearly 400 pages of new tax legislation setting out the draft provisions for Finance Bill 2017 for technical consultation, including changes to National Insurance contributions, clampdown on salary sacrifice contracts for new car schemes and simplification of PAYE Settlement Agreements
Our essential snapshot of the key measures announced in Autumn Statement 2016 and Finance Bill 2017, including salary sacrifice, disguised remuneration, NIC for self employed, reduction in MPAA limit and flat rate VAT scheme
HMRC is facing significant compliance issues with the rise of the so-called sharing and gig economies as it is not clear how tax on any income should be assessed and collected, according to the Office of Tax Simplification (OTS)
A scathing report on the outsourcing of tax credit checks has accused HMRC of being ‘complicit’ in a ‘cut first, think later’ approach, and claims the department was negotiating the renewal of the contract with supplier Concentrix up until four days before public outcry forced HMRC to terminate the deal