HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MORE£1.5m second-hand bond scheme breaks tax rules
The General Anti-Abuse Rule (GAAR) advisory panel has outlawed a disguised remuneration scheme involving employee rewards linked to a second-hand bond, labelling it as abusive tax avoidance.
From the outset, HMRC was sceptical about the legitimacy of the scheme and the GAAR panel ruled in the tax authority’s favour.
Read more at Accountancy Daily.
Previous
Enhance your knowledge with IFA Direct
Next
Brexit providing advisory opportunities for accountants
NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
READ MORE
Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
READ MORE