Foreign Income and Gains
For many internationally mobile individuals, the abolition of the remittance basis and introduction of the Foreign Income and Gains (FIG) regime initially sounded relatively attractive.
For many internationally mobile individuals, the abolition of the remittance basis and introduction of the Foreign Income and Gains (FIG) regime initially sounded relatively attractive.
After almost a decade in the courts, HMRC has again lost its employment status case against football referees engaged by PGMOL.
Wilkins Southworth won the argument when HMRC penalised a client for inaccuracies in a filing by their previous accountant.
Many landlords assumed the conversation around hybrid LLP structures had run its course following HMRC’s original Spotlight 63.
For most people, a tax refund is straightforward: an overpayment is corrected, a missed expense is claimed, and the money comes back.
HMRC’s focus on small businesses is shifting again, and this time, it’s not about what you earn, but how money moves between you and your company.
HMRC’s information-gathering powers have evolved, and one tool in particular is worth understanding.
From April 2027, a little-known technical change will come into force, one that could quietly cost you thousands in extra tax.
In practical terms, the higher cap could allow a couple to protect up to £5 million of qualifying agricultural or business assets at the full relief rate.
The message was clear: HMRC would pursue not only the promoters of tax avoidance schemes, but also those who enabled or facilitated their use.