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VAT Return: HMRC use nudge theory to collect more tax

VAT Return: HMRC use nudge theory to collect more tax

Nudge theory is a concept in behavioural science, which proposes positive reinforcement and indirect suggestions as to ways to influence the behaviour and decision making of groups or individuals. Now HMRC has discovered this new concept and undertook an experiment on...
HMRC just love the cashless society

HMRC just love the cashless society

In the retail sector there is an accelerating move to change to cashless retail outlets, which HMRC think is great news and could be for a number of business owners. A friend of mine recently spent a few days in the wonderful city of Stockholm. He entered the country...
Please Mr Taxman pick up the ‘phone

Please Mr Taxman pick up the ‘phone

Accountants and their representative bodies have labelled the performance of HMRC’s VAT helpline ‘extremely worrying’ after the Revenue failed to answer nearly 60% of calls in May. Figures recently released by the tax authority show that in May 2019, HMRC answered...
Exemptions from Making Tax Digital for VAT

Exemptions from Making Tax Digital for VAT

Making Tax Digital for VAT (MAT) will shortly be upon us with the 7th August deadline for the first quarterly VAT filing, looming large on the horizon. Many of our clients are concerned both with the need for the additional tax submissions but also because of the...