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Making Tax Digital too complex for first pilot, says HMRC
The head of HMRC told MPs that it had underestimated the complexity of Making Tax Digital (MTD), which had caused eight years of delay...
Max Austin
Sep 14, 20234 min read
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Autumn Statement set for 22 November
The Chancellor has confirmed that the Autumn Statement is scheduled for 22 November 2023 Sara White, Editor, Accountancy Daily This will...
Sara White
Sep 13, 20231 min read
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ULEZ fees tax deductible for sole traders
Sole traders and self employed will be able to claim tax relief on ULEZ charges when they submit annual tax returns for business related...
Sara White
Sep 12, 20232 min read
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Business confidence reduces recession risk
More than half of medium sized businesses are confident about future growth and are performing well, defying inflationary pressures,...
Sara White
Sep 9, 20232 min read
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Lack of tax-efficient investment advice for taxpayers
Despite frozen tax thresholds and more taxpayers paying higher rate tax, only 40% of advisers offer specialist advice on tax-effective...
Sara White
Sep 8, 20233 min read
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What does the future hold for R&D tax relief?
Plans for an overhaul of research and development tax reliefs need to be finetuned to ensure a merged system is effective, warns Nigel...
Nigel Holmes
Sep 7, 20234 min read
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Property sales drop 16% in a year risking tax take
Residential property sales fell sharply in the past year as months of interest rate rises squeezed first time buyers out of the market...
Sara White
Sep 6, 20232 min read
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Filing deadlines: September 2023
Our handy guide to tax filing deadlines for VAT returns for quarter ended 31 July 2023 and corporation tax return for year ends of 30...
Croner-i
Sep 5, 20231 min read
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Post Office Horizon compensation not taxable
Postmasters caught up in the Horizon accounting scandal are to be paid millions of pounds in additional compensation to offset tax bills...
Sara White
Aug 25, 20232 min read
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HMRC expands use of COP9 tax investigations
HMRC plans to ramp up the use of Code of Practice 9 - COP9 – powers and has clarified the rules on how taxpayers can report fraud where...
Sara White
Aug 24, 20232 min read
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Plans to modernise stamp taxes on shares explained
The complex stamp tax rules could be simplified to create a single tax, removing some headaches for accountants, explain Ben Jones,...
Ben Jones
Aug 23, 20234 min read
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Architect loses £10k VAT penalty appeal
An architect has lost a First Tier Tribunal (FTT) appeal against penalties related to false VAT assessments Max Austin, Reporter,...
Max Austin
Aug 22, 20233 min read
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HMRC takes dangerous stance against taxpayer in bankruptcy filings
The pursuit of rugby star Lawrence Dallaglio by HMRC over unpaid taxes has thrown back into the spotlight the controversial methods...
Steve Thomas
Aug 21, 20234 min read
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Tuffnells Parcel business collapses
Haulage business Tuffnells Parcels Express has gone into administration putting over 2,000 staff out of work Sara White, Editor,...
Sara White
Aug 16, 20232 min read
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Taxpayer loses £1.4m tax case over late payment
The Court of Appeal has ruled that a taxpayer did not have a reasonable excuse for not paying a £14m tax bill on time and upheld a £1.4m...
Max Austin
Aug 15, 20234 min read
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HMRC gives offshore tax evaders disclosure break
UK residents who were named in the leaked Pandora Papers which revealed extensive tax evasion are being given the chance to correct their...
Sara White
Aug 14, 20233 min read
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Fair value disclosures need to be more transparent
The challenging economic environment and climate change risks may increase the degree of estimation uncertainty and management judgment...
Sara White
Aug 11, 20232 min read
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When zero tax is payable on property income
Philip Spencer FCA, senior tax writer, Croner-i explains the scenarios where tax is not chargeable on residential and commercial property...
Philip Spencer
Aug 10, 20236 min read
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HMRC extends National Insurance top-up deadline to 2025
Taxpayers will now have an extra two years to make additional payments to their National Insurance (NI) contributions to increase state...
Max Austin
Aug 10, 20232 min read
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Oil and gas windfall tax could be scrapped
The energy profits levy, which puts a marginal tax rate of 75% on North Sea oil and gas production, will remain in place for the next...
Sara White
Aug 4, 20232 min read
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