The amount of research and development tax reliefs claimed in the last 12 months shot up by 11% to £7.6bn, despite a quarter of SME claims estimated to be fraudulent
A management consultancy, construction company and golf club have been fined over £13m for tax evasion, after deliberately failing to pay £20.3m in tax
HMRC collected a total of £60.7bn in tax in August 2023, marking a £19.8bn hike on last year’s six-month performance, with inheritance tax continuing to fill Treasury coffers
A proposed merger of research and development tax relief for all sizes of business will make the rules more complicated, warns the Association of Taxation Technicians
The REC is calling on the government to focus on regulating umbrella companies and scrap unfair proposals to pass umbrella tax debt to employment businesses
Higher taxes on the UK’s biggest polluters such as fossil fuel companies, frequent fliers and super yacht owners could have raised up to £12.6bn last year, claims Oxfam
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
UK companies risk falling foul of new regulation involving the submission of tax relief claims for research and development (R&D), warns accountancy firm Azets
A director has lost a First Tier Tribunal (FTT) appeal against penalties charged by HMRC for VAT and corporation tax inaccuracies, which totalled £80,666.31
Following a short delay, HMRC has sorted out the outstanding IT issues and launched an online service to support affected taxpayers with calculations for overlap relief
In this week’s Q&A, what are the tax implications if money is transferred out of business into private bank accounts to benefit from interest rate hikes?
