A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MOREWill HMRC’s approach to enforcement set the tone for how struggling companies are treated?
The manner in which HMRC decides to treat embattled businesses will play a significant role in the shaping the post-pandemic landscape once support measures are unwound, according to Richard Wolff, insolvency and restructuring partner at Pannone Corporate.
Action taken by the UK government over the last 14 days, and the accompanying rhetoric, reveals apparent concern about two scenarios: a backlash against HMRC if it takes an overly aggressive approach to debt collection post-pandemic, and the potential for the dam to burst, so to speak, when certain pandemic-related restrictions come to an end, leading to the insolvency of thousands of businesses saddled with pandemic-related debt.
Read more at the Accountancy Age.
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Crypto firms drop British registration bids amid scrutiny
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HMRC leads over 12,000 interventions into use of COVID support schemes
With bitcoin hitting new highs, it’ll likely reach the US$100,000...
Cryptocurrencies are surging again. Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing...
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HMRC backflips on helpline closure announcements
HMRC has backflipped on this week's announcement that long periods of shutdown for self-assessment and VAT helplines,...
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