After temporarily pausing tax investigations as COVID-19 business support measures rolled out earlier this year, HMRC has restarted probes into businesses and individuals’ tax affairs.
The Revenue has also started to direct its attention towards the misuse of coronavirus support schemes, such as the furlough scheme and the self-employed income support scheme.
Find out what to expect from tax probes in 2020/21 here
01/07/2020
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18/04/2024
MTD for ITSA
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that just five Making Tax Digital for income tax self assessment (MTD for ITSA) software products are ready for beta testing on 22 April.
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7.4m still struggling to pay bills
Around 7.4 million people in the UK struggled to pay a bill or a credit repayment in January, according to the Financial Conduct Authority (FCA).
Small firms ‘treading water’ on investment
The British Chambers of Commerce (BCC) has warned that UK small firms are ‘treading water’ on investment
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