A recent study has found that more than a quarter of people who build their own homes are failing to reclaim the VAT on their building materials and could be owed as much as £30,000.
The UK tourism industry is “booming”, with the island expecting to see nearly 40 million overseas visitors by the end of this year.
Taxpayers are being urged to take care when receiving calls purporting to come from HM Revenue & Customs (HMRC), as these are scams – HMRC will never call taxpayers direct.
As part of its ongoing crackdown on cybercrime, HM Revenue & Customs (HMRC) claims to have commandeered as many as 75 ‘deceptive websites’.
E-commerce businesses have grown “seven times faster” than the global retail average, according to a new study.
A former pensions minister turned political campaigner is urging members of the public to be wary of “distressing” scam telephone calls purporting to be from HM Revenue & Customs (HMRC).
Around a quarter of apprenticeship levy-paying businesses still do not know how the new tax works, according to research.
Chancellor Philip Hammond has defended people who go into business to make a profit, saying that the free market economy liberates people and businesses whose taxes pay for the UK’s public services.
A number of tax and accounting bodies have warned that HM Revenue & Customs’ (HMRC) new simple assessment process will result in a catalogue of coding errors and other complications.
HM Revenue & Customs (HMRC) has confirmed that the traditional self-assessment tax return will cease to apply to state pensioners with an income of more than the personal tax allowance and to PAYE taxpayers who have underpaid tax.