The National Audit Office has warned that HMRC's administration costs for running the tax system rose by 15 per cent ...

Bird & Bird’s Giuliana Polacco and Francesco Drago welcome penalty protection opportunities for taxpayers, and say accurate ...

Businesses pay hundreds of millions of pounds more and are losing trust in HMRC, reports the National Audit Office today (Monday).

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The Department of Government Efficiency has the objective of cutting government spending by $2 trillion per year out of $6.8 ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

ITAT Bangalore held that matter of rejection of registration under section 12AB of the Income Tax Act is liable to be ...

The fake IRS emails and texts announcing tax refunds and credits are already on the way. It's tax filing season, so beware of ...

Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...

Elon Musk's growing power and unprecedented access to sensitive payment systems are raising concerns about tax season impacts.

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to ...

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...