Transact hit with unexpected £4.3m VAT bill
- Wednesday, 29 January 2020
- Articles
The parent company of Transact, the platform used by many Financial Planners, has been hit with an unexpected £4.3m VAT bill from HMRC which could also see the company having to pay an additional £1.4m a year in VAT.
Read more...Planners fear VAT ruling may hit client fees
- Wednesday, 14 February 2018
- Articles
Financial Planners fear the ramifications for clients after a ruling in Italy that advice fees must be subject to VAT.
Read more...Govt tax adviser wants radical shake-up of VAT
- Friday, 03 November 2017
- Articles
The Office of Tax Simplification is calling for radical simplification of VAT including a move to bring nearly all businesses inside the VAT system.
Read more...Former HMRC investigator jailed for VAT tip off
- Thursday, 10 September 2015
- Articles
A former HM Revenue and Customs (HMRC) criminal investigator from Birmingham, who tipped off his friends when their VAT scam was uncovered, has been jailed for 12 months. Read more...