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 MOREProsecutions top 1,000 as HMRC focuses on tax evasion by individuals
The government launched 1,007 prosecutions against individuals for tax evasion offences last year, as the HMRC clampdown on tax evaders intensified.
HMRC’s ability to investigate and prosecute taxpayers has been strengthened as the volume of data it receives on individuals’ offshore bank accounts from jurisdictions such as Bermuda and the Cayman Islands has increased, providing insight into the movement of cash and assets offshore.
Read more at the Accountants Daily.
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UK territories among top 10 most corrosive corporate tax havens
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...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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