The hospitality sector is confronting a challenging tax loophole affecting employee safety.Venues are taxed on taxi fares for staff working late, viewed as a benefit-in-kind by…
The recent figures from HM Revenue and Customs (HMRC) indicate a significant increase in Inheritance Tax (IHT) receipts, totalling £4.3 billion for the first half of…
The collapse of eight ISG companies has unveiled liabilities exceeding £800 million, impacting staff, creditors, and HMRC.EY-Parthenon was appointed as the administrator for the distressed entities…
UK businesses are increasingly losing trust in HMRC due to declining service standards which have sparked calls for urgent reforms.A record survey of over 10,000 businesses…
UK businesses are experiencing a decline in trust towards HMRC, largely due to decreased service standards and inefficiencies. These issues have been highlighted by recent surveys,…
The call for a streamlined Research and Development (R&D) tax relief scheme gains momentum as businesses face challenges under the current system.HMRC reports a 23% decline…
Record dissatisfaction highlights declining service levels at HMRC, impacting businesses across Britain.Engagement with over 10,000 businesses reveals systemic issues hindering efficient tax processes.Growing Discontent Among BusinessesRecord…
In a strategic move to address three key priorities, HMRC has appointed two seasoned professionals to its board as non-executive directors.Digital transformation expert Mike Bracken joins…
The use of Schedule 36 notices by HMRC is evolving, affecting taxpayers significantly.Originally part of the Finance Act 2008, Schedule 36 allows HMRC to request information…
Regulatory corrections have been set in motion to address errors in the lifetime allowance (LTA) abolition legislation.The LTA, which capped tax-free pension savings, officially ceased on…
