Business News
HMRC discontinues tax clearance for MVLs
Clearance service withdrawn with immediate effect.UK accountants demand HMRC improvements
Service levels have a negative impact on productivity.Total tax receipts surge by £23.1bn
Government revenue hit £392.5bn between April and September 2023.ATT: R&D changes go against simplification remit
Professionals also warn that commencement date is too soon.R&D tax relief ‘ignores’ small businesses
Business group urges Government to rethink R&D reforms.HMRC clarifies rules on basis period tax reporting
Basis period reform introduced in April 2023.HMRC confirms sole traders can deduct ULEZ fees
Vehicle replacement subsidy also available.Record amount of tax relief paid out to creative industry
TV relief overtakes film tax relief.Online process for claiming overlap relief delayed
Online service delayed to 11 September.CIOT: remove CIS deductions on landlord payments
Construction tax rules ‘cause problems’ between tenants and landlords.
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