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Category Archives: Latest News

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More than 100,000 first-time buyers benefit from Stamp Duty Land Tax reforms

Posted on August 1, 2018 by Howard Roth

HM Revenue & Customs (HMRC) has published data which reveals that more than 100,000 first-time buyers have benefited from Stamp Duty Land Tax (SDLT) reforms announced at the last Budget. During the period until 30 June this year, 121,500 first-time … Continue reading →

MTD for VAT clarified in new communication from HMRC

Posted on August 1, 2018 by Howard Roth

HM Revenue & Customs (HMRC) has finally issued a new notice on Making Tax Digital for VAT in which it has clarified many of the questions that businesses had. VAT notice 700/22: Making Tax Digital for VAT has been created … Continue reading →

HMRC collects more than £30 billion worth of extra tax in last financial year

Posted on August 1, 2018 by Howard Roth

New figures from HM Revenue & Customs (HMRC) have revealed that the tax authority brought in a total of £605.8 billion in the year to April 2018 – an increase of nearly £30 billion on the previous year. This 5.4 … Continue reading →

Tens of thousands of fake HMRC websites taken down

Posted on August 1, 2018 by Howard Roth

Figures published by HM Revenue & Customs (HMRC) show that 20,750 malicious websites have been taken down over the last year – 29 per cent more than in the previous year. Although it has brought in cutting-edge technology to tackle … Continue reading →

Documents reveal HMRC plans to secretly access bank account information

Posted on August 1, 2018 by Howard Roth

Documents published online have revealed HM Revenue & Customs’ (HMRC) plans to secretly access bank account information. The planned new powers come in the form of information orders, which are used by the Revenue to determine that taxpayers are paying … Continue reading →

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