In a bid to encourage UK innovation the Government introduced an R&D tax credit scheme in 2000, but eight years on only a fraction of eligible businesses are claiming what’s rightfully theirs.
The heir to the throne of Liechtenstein has stepped into a row over accusations that the German tax authorities used bribes to blow the principality’s bank secret.
Forty-two per cent of South Asian 'high net worth individuals' considered non-domicile claim to be preparing to leave the UK due to the changes to the tax regime set to come into effect in April.
HM Revenue and Customs has given taxpayers an extra 24 hours to file their tax returns, after a technical failure brought the self assessment website down on the deadline date.
The draft legislation amending the tax position of non-domiciled individuals will hit more people than first thought, affecting everyone claiming to be non-domiciled.
Thousands of entrepreneurs have just days left to sort out a capital gains tax nightmare for which HMRC has no guidelines, accountancy firm PKF has warned.
Six people have been arrested following a series of early morning raids by HM Revenue & Customs officers investigating a suspected £1.5 million VAT and money laundering fraud.
HM Revenue & Customs is facing a VAT payout of an estimated £1 billion after a House of Lords ruling followed that of the Court of Appeal and found in favour of the taxpayer.
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