Do you need to charge VAT for goods sold online?
The rise of online marketplaces The last few years have been tumultuous, to say the least. In the UK, we’re still living through the effects of a global pandemic, multiple…
Get back £55 million in overpaid tax by engaging HMRC AGENTS to be your HMRC link
HM Revenue & Customs (HMRC) has paid back more than £55m in overpaid tax to individuals who have withdrawn money from their pensions during the first quarter of 2020. HMRC…
You can run, but you cannot hide!
Companies around the UK should start preparations for an important change in their filing/register keeping system – the Government Department for Business, Innovation and Skills (“BIS”) has just introduced an…
Fiscal recovery “needs” tax reform
According to Monty Jivraj, fundamental tax reform is necessary to guarantee that taxes are growth-friendly, simple to understand, and manageable by the taxman. This will aid in the nation’s recovery…
Flexible furloughs beginning on July 1
Changes to the Coronavirus Job Retention Scheme (CJRS) will apply a month earlier than expected. From 1 July the scheme will allow part-time working, but staff must have been furloughed…
The UK didn’t notify European Commission of it’s extension to zero-rating VAT
The UK government lost its legal battle against Brussels over the EU’s attempts to force it to raise taxes on trading commodity derivative, hitting the City of London’s competitiveness hard…
The Facility for Contractual Disclosure of Tax Evasion
Depending on the circumstances, those found guilty of tax evasion or tax fraud in the United Kingdom face legal consequences ranging from a £5,000 fine and six years in jail…
How HMRC handles alleged tax violations
What is the Contract Disclosure Facility? provide justifications for rejecting the CDF offer. Explanation of what transpires once a CDF offer is accepted The generosity of HM Revenue & Customs…
Cryptocurrency: What is it?
A particular kind of virtual asset that is secured by cryptography is cryptocurrency. Usually, a blockchain system is used to track and maintain a history of transactions. Since cryptocurrencies like…
Tax reform ‘needed’ for fiscal recovery
Fundamental reform of the tax system to make sure taxes continue to support growth, manageable and straightforward by the taxman is needed to help boost the UK’s recovery from the…