Following its accountant’s advice, the appellant applied the 5% rate but In May 2021, HMRC assessed the appellant for period 10/20 for VAT of £31,794 and credit for input tax of £15,200. An internal ...

It is a fundamental concept of VAT that the tax is only charged on the value added in the supply of goods and services.

HMRC is under pressure to recover lost revenues from tax evasion, resulting in it horning in on its criminal investigation ...

HMRC is exploring new tax rules which could cost UK households HUNDREDS. HMRC, which is the Labour Party government's taxman, ...

From April next year, taxpayers earning over £50,000 from self-employment or property income will need to comply with new ...

Millions of pension savers are at risk of a stealth tax raid under Rachel Reeves after officials launched an inquiry into ...

Impact Contracting Solutions Ltd (ICSL) supplied labour to its customers, registering for VAT in 2015. HMRC wrote to ICSL as it considered the ...

A recent HMRC study into pension tax relief suggests Labour could move to restrict tax relief available to savers in the ...

At the FTT, Walkers had argued that the flavours of Sensation Poppadom available — Lime & Coriander Chutney, and Mango & Red Chilli Chutney — were distinct from conventional potato chip flavours.

Business arrears to HM Revenue & Customs are running at an average of £28bn a month as companies grapple with rising ...

One potential scenario could see both tax and National Insurance exemptions completely abolished, hitting both employees and employers hard. An average worker earning £35,000 annually would lose £560, ...

These figures, obtained by HMRC through the Freedom of Information Act, highlight the unpaid debts pursued by the tax ...