Latest News & Events
HMRC collects £37bn from brand-new taxes introduced over the last decade
HMRC has collected £37bn from brand-new taxes that it has introduced over the last decade (year-end May 31), our research shows.
Number of UK buy-to-let landlords admitting to avoiding tax on rental income rises by 145% in a year
The number of UK buy-to-let landlords admitting to not paying tax on their rental income has risen by 145% over the past year, increasing to 16,110 in 2018/19 from 6,600 in 2017/18*, our research shows.
Diesel car sales continue to plunge – far outweighing the rise in petrol sales
Diesel car sales in the UK fell by another 242,000 in just the last year, from 930,000 to 688,000, far outweighing the 131,000 rise in petrol car sales, our research shows.
VAT Reverse Charge
In October 2019, HMRC will be introducing a domestic reverse charge in the construction industry in an attempt to tackle fraud.
OTS publishes Inheritance Tax Review findings
On 4 July the Office for Tax Simplification published its latest report on how the IHT system might be simplified.
VAT reverse charge for building and construction services
From 1 October 2019, this measure will apply a reverse charge to certain supplies of construction services as a means of tackling fraud in the construction sector.