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Business Tax
UK accountants demand HMRC improvements
Service levels have a negative impact on productivity.
Total tax receipts surge by £23.1bn
Government revenue hit £392.5bn between April and September 2023.
ATT: R&D changes go against simplification remit
Professionals also warn that commencement date is too soon.
R&D tax relief ‘ignores’ small businesses
Business group urges Government to rethink R&D reforms.
HMRC clarifies rules on basis period tax reporting
Basis period reform introduced in April 2023.
HMRC confirms sole traders can deduct ULEZ fees
Vehicle replacement subsidy also available.
Record amount of tax relief paid out to creative industry
TV relief overtakes film tax relief.
Online process for claiming overlap relief delayed
Online service delayed to 11 September.
CIOT: remove CIS deductions on landlord payments
Construction tax rules ‘cause problems’ between tenants and landlords.
R&D claims to come under greater scrutiny
Additional information on R&D projects now required.
Tax debt hits £44.5bn in June
More people are struggling to pay their tax bill.
MPs call for multi-billion pound tax break transparency
Tax system labelled as overly complicated.
R&D tax relief crackdown allegedly deterring genuine claims
Valid claims are apparently being rejected by HMRC.
Alcohol duty system changes from next month
All alcoholic drinks to be taxed based on ABV.
CIOT: R&D crackdown deters legitimate claims
Current ‘volume compliance’ approach does not work.
ICAS: UK needs tax incentives to drive net zero targets
Tax leaders call for sustainability reporting standards.
Tax gap hits £36bn in 2021/22
Small businesses responsible for half the tax gap.
Tax system “overcomplicated”, say MPs
Current tax system is an obstacle to growth.
Employee share schemes under review
The Government aims to simplify the system.
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