Thousands face being charged the wrong amount of tax due to a computer bungle at HM Revenue & Customs. A letter from HMRC to accountants, seen by Money Mail, shows the software is making errors in ...

New guidance has been issued by HMRC setting out their new policy on the VAT treatment of early termination fees and compensation payments, supplanting heavily criticised guidance issued in 2020.

Increased tax compliance measures have yielded £11.4bn in unpaid tax as investigations into rich people and mid-size businesses grew. The sum came as HM Revenue and Customs (HMRC) opened 23% more ...

There is a VAT threshold for every small business that is set by HMRC and can vary. Once taxable income exceeds the value set for any given financial year, businesses must register for VAT. Failure to ...

Contracts or finance applications that reference VAT numbers. It’s likely that you store these kinds of documents carefully in one place, so it should be easy enough to find the missing information.

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LONDON--(BUSINESS WIRE)--Tax Systems, the leading provider of tax software in the UK & Ireland, today announced that they have implemented HMRC recommended checks into its cloud-based AlphaVAT digital ...

Publishers and retailers could owe HMRC millions of pounds of uncollected VAT following the adult colouring book craze of last year. The Bookseller understands several publishers – from large ...