Inchmead
Buy to let landlords caught in £50m tax avoidance scheme
Buy to let landlords caught in £50m tax avoidance scheme The scheme is likely to have resulted in up to £50m of tax avoidance by breaking...
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Inchmead
Oct 2, 20232 min read
HMRC won only 11 cases against wealthy tax evaders
HMRC investigations led to prosecutions against just 11 high net worth people accused of evading tax last year although 300 people are...
Inchmead
Oct 2, 20232 min read
National living wage to increase to minimum £11
National living wage to increase to minimum £11 This means that the rate for workers over 23 would go up from the current £10.42 an hour...
Inchmead
Sep 28, 20233 min read
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...
Inchmead
Sep 28, 20232 min read
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
Sep 28, 20232 min read
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
Sep 26, 20233 min read
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
Sep 26, 20232 min read
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
Sep 26, 20232 min read
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
Sep 25, 20232 min read
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
Sep 25, 20232 min read
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
Sep 25, 20233 min read
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...
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