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 MORETax defaulters owe £22m after 30% increase
HMRC’s latest list of major tax defaulters owing £22m in unpaid tax, a 30% increase on last quarters £13m in September, the list was topped by an Internet sales company owing nearly £3m and an online advertising owing £820k, with solicitors, IT consultants and a bookkeeper also featuring.
HMRC has published its latest quarterly listing of deliberate tax defaulters’ details, with 115 names on the list of those who have received penalties either for deliberate errors in tax returns or for failing to comply with tax obligations.
Read more at the Accountancy Daily.
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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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