As tax complexities increase, current processes need overhauling to reduce the error level and close the tax gap, warns Peter Boerhof, VAT director, Vertex
High speed rail builder HS2 has set aside £9.5m to settle a tax bill for underpayment of income tax and National Insurance due to errors in assessing IR35 contractor compliance
With the launch of the trust registration service (TRS) less than a month away, HMRC has confirmed that it will take a soft landing approach to penalties in the first instance
The latest tax filing deadlines from VAT payments for month or quarter ended 30 June 2022 to corporation tax returns due for accounting periods ended 31 August 2021
The inheritance tax and capital gains tax rules treat bare trusts quite differently so it is important to plan carefully, explains Andrew Cockman LLB LLM TEP CTA (Fellow), director, personal tax advisory at Azets