ATT: Flawed HMRC guidance means SMEs are overpaying VAT
The UK Association of Taxation Technicians (ATT) has urged owners of small and medium sized businesses to act fast to ensure that they are not overpaying VAT.
The UK Association of Taxation Technicians (ATT) has urged owners of small and medium sized businesses to act fast to ensure that they are not overpaying VAT.
UK unemployment rose by 21,000 to 1.7 million between December and February, the Office for National Statistics (ONS) says. This is the first rise since the May-July period of last year.
George Osborne’s recent introduction of a second home tax has hit buy to let investors hard – but providers of peer-to-peer (P2P) property companies are urging would-be landlords that, with the right approach, they can still make lucrative investments without being zapped by the new charge.
In the wake of the so-called Panama Papers scandal, HM Revenue & Customs (HMRC) has launched a consultation into tax laws for corporate businesses, in a bid to crack down on tax evasion.
Labour leader Jeremy Corbyn, who has been critical in the past of European Union intervention in UK matters, has warned that there could be a “bonfire of workers’ rights’ if the UK votes to leave the EU in the coming referendum.
A recent survey has revealed that only 8 per cent of Britons are aware that ISA savings form part of a person’s ‘taxable estate’ under inheritance tax laws.
Investment banks should do more to encourage competition and fairer treatment of customers, Britain’s financial watchdog said, proposing changes to help firms to make informed choices about the banks they use.
An internal survey has revealed that only 25 per cent of tax collectors believe that HM Revenue & Customs (HMRC) is “managed well”, while only 34 per cent deem their senior managers’ behaviour to be “consistent with the organisation’s values”.
The Low Income Tax Reform Group (LITRG) is ‘extremely concerned’ by the Government’s latest changes to tax credit overpayments – which will see families who have overpaid tax credits forced to repay the money at an accelerated rate.
HM Revenue & Customs (HMRC) has had its plans for a quarterly tax return for businesses slammed by critics, who say that mandatory updates would add a significant and unnecessary burden on small firms in terms of accounting records and costs.
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