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HMRC urged to fix problems with tax reporting reform

HMRC needs to address problems in their plan to change how partners and sole traders calculate their taxable profits each year, according to the...

Staycation boom leads HMRC to focus on holiday lets

Owners of UK holiday lets could face investigation by HMRC if they fail to report their earnings for tax purposes, according to UHY Hacker...

HMRC urged to use MTD delay to rethink its impact on accountants

While many in the accounting sector have welcomed the year-long delay to the introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA),...

Small firms face fines for inaccurate furlough claims

Small business owners unaware they have over-claimed could face having to repay 5-10% of furlough claims, according to accountancy firm MHA. HMRC and the National...

Suspected abuse of Covid schemes prompts surge in whistleblowing

Some 107,000 suspected cases of tax evasion were reported to HMRC in the 2020-21 tax year, despite the Revenue’s whistleblowing hotline being closed for...

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