Did you know that accounting firms often rely on spreadsheets and a small bridging tool to meet their VAT obligations, yet assume they are fully ...

Introduced in early 2023, first as a software-based successor to the earlier TIMS/ETR system, e-TIMS is supposed to curb malpractices such as tax evasion and fraud.

The Court held that a genuine mistake in revised TRAN-1 and TRAN-2 filings cannot nullify substantive transitional ITC claims. It permitted rectification and directed fresh adjudication after ...

HM Revenue and Customs (HMRC) can charge a penalty of up to £3,000 for each failure to keep or preserve adequate records. That is before ...