HMRC is increasingly levying its heaviest penalties on VAT returns errors, with a 38% increase in the serious penalties issued for what it terms ‘deliberate’ errors in the last year (March 31…
Tag: HMRC
Government urged to act after four more tax avoidance schemes identified
HMRC has added four more tax avoidance schemes to its list of known avoidance promoters. The update, issued on 5 September, should be welcomed – but instead, it raises questions about HMRC’s anti-avoidance strategy….
Half of calls missed and 800 years on hold: HMRC performance in 2022/23 ‘not good enough’
The National Audit Office (NAO) has today published a report on HMRC’s “poor” customer service in 2022/23, with average call wait times increasing to 23 minutes, up from 5 minutes in 2018/19….
More than 75% of sole traders are unsure of tax and VAT thresholds
Research from leading card payments provider takepayments shows that 75% of UK sole traders are unsure of the current tax thresholds that apply to them — and it could be costing them….