Government plans to introduce two-year jail sentences for tax avoidance abuse could backfire if promoters move offshore to avoid risk, accountants warn Lords committee
Accountancy bodies have called for a one-year delay to the rollout of new R&D tax rules, and criticised the inadequate consultation and lack of guidance during a House of Lords hearing. Sara White reports
The Treasury has ruled out a review of the cost effectiveness of tax reliefs, saying it would not be best use of resources and would create business uncertainty
The House of Lords Finance Bill Sub-Committee will be taking evidence from accountancy professional bodies about the effectiveness of proposed measures to tackle tax fraud
The head of HMRC Jim Harra has told MPs he aims to cut the volume of phone calls to HMRC advisers by nearly a third by the end of 2024 and will shut more helplines
The next session of parliament will open with the King’s Speech on 7 November, setting out future legislative plans, but it is unlikely to feature audit reform
Shadow Chancellor Rachel Reeves plans to increase the additional rate of stamp duty for overseas buyers, slash government consultancy costs and set up a covid corruption commission
The Chancellor has told delegates at the Conservative Party conference that he plans to increase the hourly national living wage to at least £11 from next April
The Labour party will introduce 20% VAT on private school fees to raise around £1.7bn, despite u-turning on its pledge to strip the sector of charitable status
Increased prison terms for tax fraud, the merged R&D tax relief scheme and wider HMRC data collection powers to be examined by Lords Finance Bill Sub-Committee
A lack of accountability, growing levels of fraud and excessive complexity mean that the Treasury needs to be more transparent about the multibillion pound tax breaks
As more people are dragged into higher rate tax, the government is taking action to ensure that anyone liable for the high income child benefit charge (HICBC) will not be able to avoid the tax
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