News

Chancellor urged to reform tax policymaking

7 Nov 2016

A trio of influential organisations has urged the Chancellor to implement a series of reforms to the tax policymaking process. The Chartered Institute of Taxation (CIOT), Institute for Fiscal Studies (IFS) and The Institute for Government (IfG) jointly called on

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The clock is ticking away on BPRA (Business Premises Renovation Allowance)

7 Nov 2016

The ten year window during which 100 per cent relief can be claimed under the BPRA on the renovation or conversion of unused commercial property for business use is drawing to a close on 31 March 2017. The allowance, which

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Accountancy body issues cyber crime warning

7 Nov 2016

The Institute of Chartered Accountants in England and Wales (ICAEW) has issued a warning to businesses about the need to put measures in place to avoid falling victim to cyber crime. In its Audit Insights: Cyber Security report, the organisation

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UK tax gap falls to record low as HMRC targets serial offenders

7 Nov 2016

Official statistics have shown that the UK tax gap fell to its lowest-ever level of 6.5 per cent in 2014/15, as HM Revenue & Customs (HMRC) intensifies its crackdown on tax avoidance, evasion and non-compliance. HMRC has made significant progress

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HMRC to roll out real time PAYE coding adjustments by 2017

7 Nov 2016

HM Revenue & Customs (HMRC) has released a list of priorities to allow for real time adjustments to taxpayer’s tax codes so that they pay the right amount of tax within the current tax year, as part of their ongoing

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