Tax gap falls to lowest recorded rate
The tax gap estimate for 2018-19 is 4.7%, HM Revenue and Customs (HMRC) confirmed today.
New digital tax system to give over 1 million businesses more financial control
From today, the government’s major Making Tax Digital programme becomes law for over one million VAT registered businesses earning over £85,000.
One month to go before VAT goes digital for 1 million
Businesses are being urged to get ready as over 2,000 businesses a day sign up for Making Tax Digital for VAT
HMRC urges business owners to make sure they are ready for no deal
HM Revenue and Customs (HMRC) is urging business owners to prepare now and consider three steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal.
Ditch paper receipts – as VAT goes digital
Senior Decision Makers in finance and accounting admit to not being the best at keeping receipts, as 65% confess to having lost them, according to a new YouGov poll out today.
Thousands of sellers red-flagged to online marketplaces reveals HMRC
Over 4,600 online sellers have been red-flagged to marketplaces for tax evasion during the last two years, reveals HM Revenue and Customs (HMRC). As a result, many sellers have had their online stores deleted.
Making Tax Digital for VAT pilot open for business
A pilot for a new online VAT service was launched today, with HM Revenue & Customs (HMRC) inviting more than half a million businesses to try it ahead of new rules coming into force in April 2019.
Businesses sign up to online tax account
More than half a million businesses have signed up to an online tax account – Your Tax Account – HM Revenue and Customs (HMRC) announced today.
Man arrested in VAT fraud investigation
A Co Armagh man has been arrested in connection with a suspected multi million pound VAT fraud, linked to the transport industry, after an investigation by HM Revenue and Customs (HMRC).
HMRC publishes 2012-13 tax gap
The tax gap, which is the difference between the amount of tax due and the amount collected, was 6.8% of tax liabilities, or £34 billion, in 2012-13.
University brought to book over tax avoidance
A tax tribunal has backed HM Revenue and Customs (HMRC) in yet another tax avoidance case – this time against a university which claimed over £600,000 in VAT.
Digital services suppliers urged to register for new EU VAT service
Businesses supplying digital services across the European Union will be able to register for a new online VAT service from 20 October.
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