HMRC digital transition set to cost £1.3bn – four times over budget – MPs warn November 25, 2023 Transitioning HMRC to a digital system is now expected to cost as much as £1.3bn - and has gone four times over budget, MPs have warned.
Entain: Coral and Ladbrokes owner to pay £585m after bribery investigation November 24, 2023 Entain said it had reached an agreement with HM Revenue & Customs which would see it paying £585 million in penalties and disgorgement of profits.
Immigration is rocketing. That’s brilliant news for Britain. November 23, 2023 Immigration is the never-ending saga of British politics - but unless we all get at it like rabbits, the UK shouldn't be closing the door, says Andy Silvester
Autumn Statement: Pay attention, the good stuff’s in the small print November 23, 2023 Is it churlish to criticise a politician for a political intervention? One wouldn’t groan at Harry Kane for a well struck penalty or a ballet dancer for a well-executed plié, so maybe it’s harsh to look at Jeremy Hunt’s Autumn Statement in any other context than whether it worked on its own terms. In that [...]
‘A common sense move’: Boost for retail investors as Hunt confirms ISA shake up November 22, 2023 Jeremy Hunt has confirmed a sweeping shake-up of the UK’s individual savings account (ISA) regime today in a bid to free up cash to flow into the company’s equity markets.
UK tech industry welcomes Hunt’s R&D tax relief November 22, 2023 The UK tech industry has welcomed the Chancellor's plans to create a new "simplified" research and development (R&D) tax relief scheme in his Autumn Statement on Wednesday.
Why start-ups are going to war with Jeremy Hunt on R&D tax November 16, 2023 When Chancellor Jeremy Hunt rolled out plans to scale back research & development (R&D) tax credits for start-ups last year, there followed an almighty backlash from small business groups.
Brits urge government to do more on overseas territory tax havens as diplomats to meet with MPs November 13, 2023 Nearly three-quarters of Britons think the government should do more to tackle economic crime in the country's overseas territories, according to a survey, as diplomats prepare to meet with MPs in London this week.
Whistleblower reports to HMRC hit five year high November 13, 2023 Whistleblower reports to HM Revenue and Customs (HMRC) have hit their highest level in five years as lawyers suggest the rise can be linked to a broadening sense of “public outrage”. According to a freedom of information request to HMRC by City firm RPC, fraud reports have surged by 47 per cent in the past [...]
The VAT fly trap: how our taxes are keeping growth at a standstill November 13, 2023 There are problems in the UK tax system, but one of them which is actively and obviously holding back businesses: the VAT threshold