Consultation announced on hybrid mismatches
The government has announced a clamp-down on the decade-long use of ‘hybrid mismatches’, a technique commonly used by multinational companies to significantly reduce their tax bills. In simple terms, hybrid mismatch planning schemes exploit Read more..
New taskforces to tackle VAT fraud
Two new specialist taskforce teams have recently begun to target businesses in north-west England and north Wales who try to fraudulently reclaim VAT. The taskforces are comprised of multiple teams from across HMRC including special investigations, Read more..
Credit Card Sales campaign launched
HMRC has launched a new campaign that offers individuals and businesses, who accept credit and debit card payments, the opportunity to bring their affairs up to date. Any individual or company that accepts credit and debit card payments should be Read more..
Chancellor visits new homes development
Earlier this week the Chancellor visited the Kings Rise housing development in Birmingham to celebrate the government’s landmark Help to Buy housing scheme.
The Help to Buy scheme was launched on 8 October 2013 and was extended a few months later. Read more..
Stamp Duty late payment penalties
New penalties for late payment of Stamp Duty on share or land transactions came into effect on 1 October 2014. In general, documents must be stamped and any Stamp Duty paid within 30 days of when the documents were signed and dated (‘executed’). For Read more..