Digital Services Tax and private sector IR35 rules to be introduced from April next year

The new draft Finance Bill will ensure a “competitive and fair tax system”, the Government has said, revealing that a number of new policies will go into effect from April 2020.

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Are you ready to file your first digital tax return?

HM Revenue & Customs (HMRC) has reminded business owners that their first digital quarterly return may be due by 07 August. It comes after new research showing that there are still thousands of businesses yet to register for Making Tax

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R&D tax credits plummeting

According to the latest figures from HM Revenue & Customs (HMRC), UK businesses are making fewer claims for research and development (R&D) funding than ever before. Analysis of the figures suggests that UK firms made eight per cent fewer R&D

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Small firms could end up in trouble with the taxman

According to recent research, tens of thousands of businesses in the UK could find themselves under scrutiny by the taxman for failing to follow new rules on keeping digital records. More than one million firms with an annual taxable income

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Many businesses unaware of the criminal offences associated with tax evasion

Three-quarters of businesses are unaware of the corporate criminal offences relating to activity which is seen to facilitate tax evasion. On 30 September 2017, the Criminal Finances Act was introduced; which meant companies and partnerships can be found liable for

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Tax rates rise twice as fast in the UK than the international average

According to the Organisation for Economic Co-operation and Development (OECD), UK tax revenue as a percentage of GDP rose to 33.3 per cent in 2017. This was up from 32.7 per cent in the previous year and was more than

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Landlords need to be aware of these important issues this year

Britain’s buy-to-let market is constantly changing and evolving and landlords who want to get the most out of their investments need to keep on top of what’s new. In recent years, changes to Stamp Duty Land Tax (SDLT), mortgage interest

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Property investments once again hit by new tax rules

In the last few years the property sector has been hit by a number of new tax rules, but now there are two new things on the horizon that landlords must consider. Rent-a-Room Scheme The current Rent-a-Room scheme offers people

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Reminder on changes to Corporation Tax notices

On 19 September 2016 HM Revenue & Customs (HMRC) decided to stop sending out paper copies of several important documents relating to Corporation Tax. Despite this move taking place nearly two years ago, a quick search online indicates that many

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UK’s tax gap continues to fall

Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing to fall. The Revenue has revealed that the tax gap for the 2016-17 tax

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