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Stories that are tagged 'HM Revenue and Customs (HMRC)'

HMRC Releases Tax Administration 'Strategy' Document

by Amanda Banks,, London

Friday, July 21, 2017

The UK tax authority, HM Revenue and Customs, has released a new strategy document, which sets out how it will transparently and consistently administer the tax regime. Read Full Story


UK To Levy VAT On Telecoms Services For Overseas Brits

by Amanda Banks,, London

Friday, July 21, 2017

HM Revenue and Customs has published details of new provisions for a value-added tax charge on UK consumers using B2C telecommunication services outside the EU. Read Full Story


UK Welcomes Success Of Accelerated Payment Notices

by Jason Gorringe,, London

Wednesday, July 19, 2017

HM Revenue and Customs, the UK tax authority, has reported that it has collected more than GBP4bn (USD5.2bn) in advance tax payments from those taxpayers that have used a tax avoidance scheme. Read Full Story


UK Racing To Have New Customs System Up Before Brexit

by Amanda Banks,, London

Thursday, July 13, 2017

The UK tax authority, HM Revenue and Customs, may fail to have its new customs system in place before the UK leaves the European Union, the National Audit Office has warned. Read Full Story


UK Should Support, Not Penalize New Digital Tax Filers: CIOT

by Amanda Banks,, London

Friday, July 7, 2017

The UK tax agency should adopt a light-touch approach to penalizing taxpayers who fail to meet the new digital reporting requirements that will be introduced from 2019, tax experts have said. Read Full Story


HMRC To Seize Profits From Aggressive Tax Planning Scheme

by Jason Gorringe,, London

Friday, July 7, 2017

HM Revenue and Customs has ordered those involved in marketing an illegal tax planning arrangement involving film finance to repay their ill-gotten gains or face ten years in jail. Read Full Story


Concern After Uptick In UK Tax Credit Errors

by Amanda Banks,, London

Friday, June 16, 2017

HM Revenue and Customs, the UK tax agency, has reported that tax credit errors in claims from taxpayers have risen by more than a third in the space of a year. Read Full Story


Canada, UK Cooperate In Anti-VAT Fraud Sting

by Mike Godfrey,, Washington

Wednesday, June 14, 2017

The Canada Revenue Agency has announced that investigators from Canada and the UK carried out a number of searches on June 13 in connection with an alleged tax fraud scheme. Read Full Story


Enforcement Tax Yield From UK's Largest Firms Drops

by Jason Gorringe,, London

Thursday, June 8, 2017

Investigations by HM Revenue and Customs into the corporate tax affairs of the UK's largest businesses yielded an extra GBP2.6bn (USD3.3bn) in revenue last year, according to figures obtained by international law firm Pinsent Masons. Read Full Story


Automatic Exchange Of Information Deadline Approaching, Says HMRC

by Jason Gorringe,, London

Tuesday, May 23, 2017

UK tax authority HM Revenue and Customs has said that the deadline for submitting Automatic Exchange of Information returns for the year ended December 31, 2016, is May 31, 2017. Read Full Story




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