HMRC catches VAT fraudster who set up fake companies in £120,000 scam
A London grocer who used fake companies to claim almost £120,000 in VAT repayments has been sentenced by HMRC. more»
VAT
Tax fraud brothers jailed for £3.6m alcohol scam
A pair of London-based brothers have been jailed for more than 12 years after evading £3.6m in tax by distributing smuggled alcohol. more»
£120,000 VAT scam exposed: HMRC sentences small business owner
A clothing wholesaler from Rochdale has been sentenced by HMRC after forging documents to steal almost £120,000 in VAT repayments. more»
HMRC slammed for concealing Brexit reality from 100,000 small businesses
HMRC has failed to inform 100,000 micro business owners how a no deal Brexit could change the way they trade, according to a committee of MPs. more»
HMRC publishes VAT guidance in the event of no-deal Brexit
What will the deal be with VAT in the event of a no-deal Brexit? HMRC has released guidelines to make business owners aware of both immediate and long-term changes if no trade agreement is struck with the EU. more»
VAT is too valuable to simply disappear under a no-deal Brexit
As the government publishes its guidance to businesses under a no-deal Brexit scenario, a tax expert warns against reform that could bring more small businesses into the VAT system. more»
Everything you need to do before Making Tax Digital arrives in April 2019
Are you ready for electronic VAT returns next April? Xero UK's small business director offers owners a need-to-know checklist ahead of HMRC's Making Tax Digital initiative. more»
Small businesses challenge HMRC to reform “complex” tax and VAT system
The vast majority of small UK business owners believe an increased tax burden is holding their firm back, according to a new report. more»
HMRC urged to delay Making Tax Digital amid “alarming” new findings
As new research finds an “alarmingly” high number remain unaware of digital tax returns, a trade body has called for a delay to the initiative. more»
HMRC urged to increase VAT threshold and protect micro business owners
Lowering the VAT threshold from its current level would be “disastrous” for the UK economy, according to a trade body urging the government to lift more micro businesses out of the system altogether. more»
