Amidst the turmoil of COVID-19, HMRC has suddenly reversed its position on early termination fees, announcing such fees are now subject to VAT. In addition, it is taking the controversial position ...

HM Revenue and Customs (HMRC) now considers that charges made by businesses to their customers to withdraw early from agreements to supply goods or services are payments for a supply and potentially ...

Small business owners are losing money because of a backlog of fraud cases at HMRC, The i Paper can reveal. Chas Brooke, the owner of an alpaca farm, has not been able to file his VAT return since ...

Accurate reporting on tax returns is both a legal obligation and vital for maintaining trust between taxpayers and authorities. HM Revenue & Customs enforces tax compliance, ensuring fairness in ...