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
Over 100 UK companies admit to breaching Russia sanctions November 6, 2023 Nearly 130 UK companies have admitted to breaching Russia-related sanctions, new data has revealed, raising the prospect of a wave of corporate penalties being issued by the UK's sanctions enforcement agency.
Businesses expect taxes to rise after general election November 6, 2023 More businesses expect taxes to rise rather than fall after the next general election, according to a new survey.
JCB’s Bamford Brothers ‘could owe as much as £500m’ in HMRC probe: reports October 23, 2023 Prominent Tory donors and JCB owners Anthony and Mark Bamford may have to foot a bill of over £500m to resolve a three-year long investigation by HM Revenue and Customs (HMRC).
Autumn Statement: Businesses call on Hunt to boost workforce October 22, 2023 FSB has labelled the upcoming Autumn Statement a watershed moment for the Government to show its commitment to the small business community.
Tax receipts: Five things we’ve learnt from today’s data October 20, 2023 Total HMRC receipts for April to September came in at £392.5bn, up £23.1bn from the same period last year.
HMRC’s plans for second self-assessment helpline closure sparks outrage October 18, 2023 HMRC is preparing for another closure of its tax self-assessment helpline after it gave users just 48 hours warning, MPs have been told.
With annual reports in the hundreds of pages, who has time to run a business? October 18, 2023 Financial reports for City firms now run into the hundreds of pages, creating an undue burden for businesses just trying to do their job, writes Patrick Spencer.