Inchmead
R&D tax relief claims hit record £7.6bn
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...
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Inchmead
- 1 day ago
- 2 min
Labour would charge VAT on private school fees
The Labour party will introduce 20% VAT on private school fees to raise around £1.7bn, despite u-turning on its pledge to strip the...
Inchmead
- 1 day ago
- 2 min
VAT-registered online sellers must prove UK establishment
HMRC is clamping down on the use of high-volume addresses by online sellers to disguise their principal place of business and avoid VAT...
Inchmead
- 3 days ago
- 3 min
Writing provider loses £419k VAT appeal
An essay writing provider has lost a First Tier Tribunal (FTT) appeal in relation to whether its services were required to account for...
Inchmead
- 3 days ago
- 2 min
HMRC scrapping 10-minute answering on Agent Dedicated Line signals new low, says ICAEW
HMRC’s decision to scrap a key waiting time target on its agent-dedicated line is a new low for the department, ICAEW has said ICAEW has...
Inchmead
- 3 days ago
- 2 min
HMRC bulks up compliance division
In the past year alone, HMRC has increased the number of its compliance staff by over 3,000 as it looks to reverse a sharp decline in tax...
Inchmead
- 4 days ago
- 2 min
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 The record tax revenue was largely...
Inchmead
- 4 days ago
- 2 min
HMRC fines tax evaders £13.4m
A management consultancy, construction company and golf club have been fined over £13m for tax evasion, after deliberately failing to pay...
Inchmead
- 4 days ago
- 3 min
Cybersecurity and staffing issues key risks for companies
Cybersecurity threats, staff shortages and economic uncertainty are the top concerns for company boards, finds Chartered Institute of...
Inchmead
- Sep 15
- 2 min
SFO charges Patisserie Valerie finance team over £40m fraud
The Serious Fraud Office has brought fraud charges against four individuals in the bakery chain’s finance team, including the former...
Inchmead
- Sep 13
- 2 min
Poundland snaps up 71 Wilko stores
Poundland owner Pepco has agreed to take on up to 71 Wilko stores, with staff working at the sites given priority for jobs once the sale...
Inchmead
- Sep 8
- 2 min
Majority of BTL landlords plan to buy through limited company
Three-quarters of landlords who intend to purchase a new rental property in the next year will use a limited company structure to reduce...
Inchmead
- Sep 4
- 2 min
Two thirds of overseas property owners remain anonymous
More than 70% of properties held in overseas shell companies have not published information about who owns them due to serious design...
Inchmead
- Sep 4
- 2 min
HMRC reopens self assessment helpline
Following three months of closure over the summer, HMRC reinstated the self assessment tax helpline from 4 September All calls to the...
Inchmead
- Sep 4
- 2 min
Builder banned over £50k bounce back fraud
A director has been ordered to repay over £50,000 to the public purse after fraudulently obtaining a bounce back loan despite turnover of...
Inchmead
- Sep 4
- 2 min
HMRC collects £70m in unpaid tax after profit shifting probe
Multinationals have been using HMRC disclosure facilities more than in the past, paying £70m in unpaid tax after diverting profits...
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