Tax system labelled as overly complicated.
MPs call for multi-billion pound tax break transparency
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Business Tax
R&D tax relief crackdown allegedly deterring genuine claims
Valid claims are apparently being rejected by HMRC.
Alcohol duty system changes from next month
All alcoholic drinks to be taxed based on ABV.
CIOT: R&D crackdown deters legitimate claims
Current ‘volume compliance’ approach does not work.
ICAS: UK needs tax incentives to drive net zero targets
Tax leaders call for sustainability reporting standards.
Tax gap hits £36bn in 2021/22
Small businesses responsible for half the tax gap.
Tax system “overcomplicated”, say MPs
Current tax system is an obstacle to growth.
Employee share schemes under review
The Government aims to simplify the system.
ATT calls cash basis changes ‘limited’
Government consultation proposes changes to the accounting method.
Fuel advisory rates update
Diesel rates for company cars have been cut.
ICAEW asks HMRC to rethink quarterly reports
The administrative burden dubbed “disproportionate”.
HMRC launches IR35 review
Consultation will focus on risks of double taxation.
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