The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure
The Bank of England base rate increase is impacting on the government’s tax takes, with more people paying tax on savings income.
HMRC is chasing taxpayers who have submitted tax returns for 2021/22 containing unresolved provisional figures
New income tax statistics from HMRC appear to be good news, but the numbers are not what they seem.
Although the lifetime allowance was effectively abolished from April 2023 as the lifetime allowance charge was removed, it has been retained on statute for a year to allow time for the intricacies to be ironed out.
