“Strange arithmetic intricacies” could “catch out” taxpayers.
ATT urges the Government to revise AIA rules
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Business Tax
ICAEW calls for taskforce to tackle HMRC backlog
“Unacceptable delays” are stifling the UK’s economic growth.
Tax take hits £553 billion due to threshold freezes
Revenue is up by £48bn on the same period last year.
Total tax take falls in November
Tax receipts were down by £5.3 billion compared to October 2022.
SME R&D tax credit cut criticised by ATT
The changes to R&D credits aim to tackle fraudulent claims.
Business support set out by Chancellor
Some industry leaders praise Autumn Statement measures.
CGT incorrectly calculated by HMRC service
Faulty service leads to non-residents paying the wrong amount of tax.
HMRC raises interest on tax debt
Late payment interest rising in line with Bank of England base rate.
HMRC reminds taxpayers to declare SEISS payments
More than 2.9 million people claimed SEISS payments in the 2021/22 tax year.