The government is failing to tackle larger companies who treat small businesses ‘disgracefully’, and needs to toughen up its regime to counter long payment terms and late payments according to a report from the business, energy and industrial strategy (BEIS) committee
Recent powers provided to HMRC undermine the rule of law and hinder taxpayers’ access to justice, and the tax authority should be subject to greater oversight and its powers reviewed, as the balanced has been tipped ‘unfairly’ in its favour, according to a House of Lords report
Under new proposals, the current flat Probate Fee of £155 (or £215 for a personal application) will be replaced by a banded scale of fees based on the value of the estate. This means that an estate over £2m would suffer a 2,690% increase in costs for the same service.
The average British small business is owed £24,841 in late payments on any given day, while 78% are owed money at any time outside of agreed payment terms
The First Tier Tribunal (FTT) has ruled that HMRC’s interpretation of legislation when calculating the penalty for a late self-assessment return was incorrect, reducing a contested £3,200 penalty to £600 in the case of a former taxi driver
An online electrical goods seller based in China and a payroll services company from London top the latest HMRC of tax defaulters
HMRC is to continue rolling out Making Tax Digital (MTD) for VAT but has warned that the wider extension of the MTD programme for businesses will be delayed as IT developers are refocused on Brexit customs delivery
A National Audit Office report has found that the Army’s use of Capita to run its recruitment systems resulted in delays and a recruiting shortfall
HMRC have confirmed that Driver and Vehicle Standards Agency (DVSA) services have been moved to a replacement system