The HMRC Charter Annual Report 2023-2024 offers a transparent assessment of HMRC’s performance in upholding the Charter standards. While acknowledging the challenges faced by the department, the report highlights HMRC’s efforts to improve customer experience, expand online services, and embed
HMRC Reports Record Tax Revenues of £843.4 Billion for 2023-2024
The HM Revenue and Customs Annual Report and Accounts provides a comprehensive account of the department’s performance, challenges, and future strategies. HMRC reported collecting record tax revenues of £843.4 billion for the 2023-2024 financial year, marking a 3.6% increase over
First-Tier Tribunal Ruling: Integrating AI Technologies Can Qualify as R&D
In a significant decision for software companies in the UK, the First-Tier Tribunal has ruled that Get Onbord Limited’s development of an AI-enabled “know your customer” (KYC) system constituted qualifying research and development (R&D) activities under UK tax law. Get