Mar 1
Understanding Current Capital Gains Tax Trends
Tax Rate Scrutiny: Recent attention has been drawn to Rishi Sunak's tax returns, revealing that he paid a 20% tax rate on gains of £1.8...
Feb 11
Stay Ahead of the Curve: Spring Budget 2024 Approaches!
Attention all accounting professionals and business owners! With Spring Budget 2024 rapidly approaching on 6th March, it's time to gear...
Jan 31
HMRC Investigates Foreign Traders Attempting to Circumvent UK VAT Regulations
The UK tax authority, HMRC, is reaching out to around 12,000 businesses suspected of being foreign entities incorporated in the UK,...
Jan 24
HMRC introduces ‘set-off’ changes for off-payroll working rules to tackle double taxation
In a recent move, HMRC addresses double taxation concerns in off-payroll working rules. Changes allow the set-off of tax and NICs paid by...
Dec 18, 2023
HMRC helpline crisis: taxpayers left stranded as support vanishes
HMRC unexpectedly restricted access to its helpline just before the January 31 deadline, leaving taxpayers struggling to get assistance....
Dec 11, 2023
End of the line for landlords embracing hybrid schemes
HMRC's warning landlords about a tax scheme they should be wary of. This scheme, known as the 'hybrid business model', uses partnerships...
Dec 4, 2023
British millionaires advocate higher taxes: a bold proposal to fund public services and boost invest
A group of British millionaires projected a message onto the Treasury and Bank of England buildings, calling for higher taxes on the...
Nov 20, 2023
Who stands to gain from the proposed ISA changes?
ISA Adjustments: Potential Reforms and Their Impact In the lead-up to the Autumn Statement, Chancellor of the Exchequer Jeremy Hunt hints...
Nov 13, 2023
Can changes in RTI reporting enhance data accuracy?
HMRC aims to enhance data collection, posing challenges for some payroll providers. The government's response in April 2023 outlines...
Nov 6, 2023
HMRC Targets 30% Reduction in Calls
Jim Harra, HMRC's chief, aims to cut the tax authority's phone helpline volume by almost a third by the end of 2024 due to rising demand,...