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HMRC in £4.5bn compliance crackdown

by | Apr 7, 2020 | ACCA, budget

More staff and funding for tax compliance and investigations teams.  HMRC has been given the budget to increase compliance and investigation team headcounts by 1,300, with an expectation that they will raise an additional £4.5bn in tax by 2025, including measures such...

HMRC Charter – have your say

by | Apr 6, 2020 | ACCA, HMRC

Opportunity to comment on HMRC’s revised draft Charter.  The HMRC Charter is fundamental to expectations of how HMRC ought to behave in its engagement with taxpayers and their advisers. The Charter was last reviewed in 2015 and, in line with HMRC’s legal commitment to...

Changes to protect tax in insolvency

by | Apr 2, 2020 | ACCA, budget, HMRC

HMRC moves up creditor hierarchy. Despite concerns raised from many businesses, legislation will be introduced in Finance Bill 2020 to amend the relevant section of the Insolvency Act, Bankruptcy (Scotland) Act 2016 and the Insolvency (Northern Ireland) Order to move...