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How to round off the fiscal year on a high note

A fiscal year is a 12 month financial period during which a company or individual budgets their finances. The fiscal year may not be the same as a calendar year, but often runs 6th April to 5th April the following year. For those who are individual taxpayers, the fiscal year runs to (more…)

HMRC given power to target tax evasion

HM Revenue and Customs is to be given additional powers with the Government for targeting businesses and entrepreneurs that keep monies offshore, making the most out of its (more…)

PAC attacks HMRC tax reliefs

The Public Accounts Committee has taken HM Revenue and Customs to task over its tax expenditures provisions via allowances and reliefs because of the potential for discrepancies. Whilst the present government has been in power, a number of tax breaks have been established in a bid to help burgeoning industries and bring about (more…)

Littlewoods gets verdict in High court VAT battle

Littlewoods has walked away victorious after a High Court dispute with HM Revenue and Customs, with the verdict costing the taxman over (more…)

One in five chartered accountants seeking new challenge

Around 20% of all chartered accountants in the UK are seeking a different role in a bid to increase their income and climb the career ladder, the Institute of Chartered Accountants in (more…)