Recently, there have been concerns about misleading and false information about tax on unregulated social media platforms. Influencers and podcasts have been sharing misinformation, such as advising people to refuse to pay taxes or to categorize personal expenses as business expenses in order to avoid paying taxes. These actions could lead to severe penalties, interest charges, and even criminal proceedings.
Source RSM
Latest Posts in "United Kingdom"
- City of Portsmouth College v HMRC: VAT on Government Grants for Free Education Services
- Understanding VAT Obligations and Reliefs for Charities in the UK
- Guide to Claiming VAT and Import Duty Repayments: Eligibility, Process, and Requirements
- AI in Tax: Balancing Innovation and Risks in a Rapidly Evolving Landscape
- Deos Group.co.uk Ltd Wins Appeal Against HMRC on VAT Input Tax Disallowance and Penalty