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One in 10 charities miss accounts filing deadline
More than 15,000 charities failed to file their annual accounts on time in 2022-23 with 9% missing the deadline, compared with 8% the...
Sara White
Oct 19, 20233 min read
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Call waiting times to be included on HMRC helplines
Following a trial, messages on the estimated time it will take to speak to an adviser were extended to more HMRC helplines from 4 July...
Sara White
Oct 18, 20232 min read
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HMRC will use AI to target tax evaders
HMRC plans to increase the use of artificial intelligence and machine learning to target tax evaders and non compliant taxpayers Sara...
Sara White
Oct 17, 20233 min read
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Tax issues for buy to let landlords
The tax burden on buy to let landlords has increased significantly from removal of interest relief to higher capital gains tax. Tim...
Tim Palmer
Oct 13, 20235 min read
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HMRC to change VAT authorisation process from October
HMRC is removing the functionality to copy across agent authorisation for VAT from the government gateway account, increasing security...
Sara White
Oct 12, 20232 min read
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HMRC abandons 10-minute answering on Agent Dedicated Line
As HMRC struggles to deal with demand for telephone support, it will drop the 10-minute call answering target from the agent dedicated...
Croner-i
Oct 11, 20233 min read
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How to reclaim emergency tax on pension drawdowns
HMRC has issued guidance on how to claim back a refund in the current tax year on an overpayment of tax when a pension has been flexibly...
Sara White
Oct 10, 20232 min read
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Corporation tax take up 26% to record £84.7bn
HMRC has reported a massive hike in corporation tax receipts for 2022-23, rising by £17.3bn to £84.7bn Sara White, Editor, Accountancy...
Sara White
Oct 10, 20232 min read
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IT specialist loses £30k share option relief appeal
An IT specialist has lost a First Tier Tribunal (FTT) appeal after claiming relief for compensation he received for the loss of rights...
Max Austin
Sep 30, 20233 min read
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What you need to know: directors duties
Gavin Kramer, senior associate at Collyer Bristow, explains the key responsibilities of directors from exercising independent judgment to...
Gavin Kramer
Sep 29, 20234 min read
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Wimbledon home renters warned about tax liability
As hundreds of homeowners rent out their rooms and houses during the Wimbledon tennis championships for up to £15,000 a week, it is...
Sara White
Sep 28, 20234 min read
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Bringing order to chaos – entity simplification
Complex corporate structures should be simplified to reduce costs, mitigate risks and remove superfluous legal entities. Eddie Bines,...
Eddie Bines
Sep 27, 20234 min read
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Complex scams on the rise warns Financial Ombudsman Service
More than 21,900 fraud and scam complaints were received by the Financial Ombudsman Service last year, with the majority being related to...
Max Austin
Sep 26, 20233 min read
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Indirect demerger of a trade – part 1
Paul Davies, FCA, senior tax writer at Croner-i, considers the tax considerations when separating a company’s trading activities in a...
Paul Davies
Sep 23, 20237 min read
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AI adoption could see £31bn boost to UK economy
The UK economy could receive a £31bn boost from the adoption of generative AI, with some sectors seeing more of an impact than others,...
Max Austin
Sep 22, 20232 min read
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Over 180,000 low earners caught by HMRC fines
HMRC fined more than 180,000 low earners for not filing their self-assessment returns on time, despite many not even earning enough to...
Max Austin
Sep 21, 20232 min read
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Inflation stays stuck at 8.7%
The current rate of inflation has seen no change at 8.7% in May, the same rate it was in April, despite expectations of a fall Max...
Max Austin
Sep 20, 20232 min read
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Top 10 tips: inheritance tax planning
As annual inheritance tax receipts exceed £6bn a year, it is essential to follow some basic tax planning to protect your estate. Stevie...
Stevie Heafford
Sep 19, 20233 min read
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Diverted profits tax may merge with corporation tax
The government is considering tightening the rules to make it more difficult for multinationals to avoid paying the diverted profits tax...
Sara White
Sep 16, 20232 min read
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HMRC issues 18k penalties over careless errors
Careless mistakes made on tax returns resulted in penalties for 18,641 taxpayers last year while 1,025 fines were issued for deliberate...
Sara White
Sep 15, 20232 min read
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