Tax hub

Tax update


Tax update, issue 43

Our regular summary of all the latest tax issues that will affect you and your business.

View more



Taxflash: Mileage rates - September 2014

HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.

View more

Keep up to date

We produce a range of informative publications focusing on the latest accounting issues. Click to add yourself to our mailing list.


Latest news

HMRC child benefit letters causing widespread confusion

HMRC has caused widespread confusion with an indiscriminate mail-shot to higher rate taxpayers receiving child benefit which suggests that they may owe additional tax, however, HMRC appears to have sent taxpayers these letters without checking whether or not the charge had already been paid by their partner.

HMRC tighten up disclosure rules

HMRC have announced a number of changes to the Liechtenstein Disclosure Facility to limit the benefits for those that HMRC sees as abusing the arrangement.

28 out of Top 30 highest income tax areas are 'Stockbroker Belt' towns

Our research shows this is due to the shift of the tax burden onto higher earners, who have been hit by an increase in the upper rate of tax, which now sits at 45p.

Long term decline in FTSE 100 tax rate comes to a sudden halt

The average effective tax rate of FTSE 100 companies has increased by more than a tenth over the last year.

HMRC takes £2billion more than targeted from tax investigations to hit new record of £20.7billion

HMRC has beaten its target for tax investigation work by £2billion in the last year, bringing the total revenue it raised through compliance work to a new all-time high, according to our research.

UK amongst the top ranked countries leading the race in harnessing globalisation

The UK is one of the world’s best placed countries in the race to capitalise on globalisation and could be set for positive future economic growth as a result, according to our new research. Our taxation and business advisory professionals in 27 countries rated their economies on several factors including taxation and trade policy, that indicate how internationalised an economy already is and how well positioned it is to take advantage of future globalisation of trade.

HMRC making increasing use of Google Street View to catch tax evaders

Revenue inspectors are using Google Street View to try to prove people have undeclared income.  The website provides a kerbside view of homes and businesses, giving inspectors a quick way to assess a person’s lifestyle and see whether it matches their declared income.

HMRC loses highest number of staff in four years

Staff are quitting HMRC in their highest numbers for four years, with almost 1,700 employees leaving in the last 12 months.

As many as 1 in 3 tax payers at risk of paying the wrong amount of tax due to PAYE errors

As many as 1 in 3 taxpayers could be in danger of paying the wrong amount of tax due to HMRC issuing incorrect PAYE codes, according to our research.