The UK government's ongoing assessment of the role of umbrella companies reiterates concerns within HMRC. Some umbrella companies may be stretching and moving beyond existing tax and employment regulations.
The chances of businesses and the self-employed being investigated have also increased in recent years. Fee protection insurance: Is it a critical safety net or a dispensable cost in challenging times?
In 2009, HMRC launched the Spotlight system, an educational section of the website highlighting tax avoidance schemes deemed aggressive or non-compliant with tax regulations
Property tax exemptions and reliefs are a relatively straightforward topic on the surface, but they often have many moving parts.
Under normal circumstances, individuals do not pay capital gains tax on the sale of their main residence. However, those in a partnership or marriage would normally have only one main residence between them.
Many people see accountants in a similar light to solicitors and other legal representatives, but they are very different.
In this article we have attempted to collate and review historic, current, and future changes to taxation that will impact property investors.
A record number of people are now obliged to submit self-assessment tax returns, which will likely prompt a greater number of complaints.
It is safe to say that HMRC has gambled on "Making Tax Digital" (MTD) a success, removing undue stress from HMRC customer services and creating a more efficient tax office.
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’.