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Categories: corporation tax

Tax gap remains steady at 5.1%

Tax gap remains steady at 5.1%

Statistics published today (23 June) by HM Revenue and Customs (HMRC) reveal the estimated tax gap for the 2020 to 2021 tax year is 5.1% – the second lowest recorded percentage – and is unchanged from the previous year.

HMRC reminds businesses to declare COVID-19 grants on tax returns

HMRC reminds businesses to declare COVID-19 grants on tax returns

HM Revenue and Customs (HMRC) is urging tax agents and accountants to remind their clients that COVID-19 support grants or payments are taxable and should be declared on their company tax returns.
The deadline for customers or agents filing company tax returns (CT600) is 12 months after the end of the accounting period it covers. The deadline to pay Corporation Tax will depend on any taxable pr

Tax Gap remains low

Tax Gap remains low

The Tax Gap for 2017/2018 is 5.6%, HM Revenue and Customs (HMRC) confirmed today.

Businesses sign up to online tax account

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.

Retailer held to account over corporation tax bill

Retailer held to account over corporation tax bill

The Court of Appeal has ruled that a member of an online retail group must pay corporation tax on VAT repayments, in a judgment that could safeguard up to £800 million for vital public services.

HMRC court wins protect over £1 billion

HMRC court wins protect over £1 billion

The total amount of tax protected by tackling corporate tax avoidance schemes has passed £1 billion in the first six months of 2013, David Gauke, Exchequer Secretary to the Treasury, announced today at the first HM Revenue and Customs (HMRC) Stakeholder Conference.

HM Revenue & Customs (HMRC) is the UK’s tax authority

HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.

HM Revenue & Customs (HMRC)

100 Parliament St
SW1A 2BQ London