It is an understatement to suggest that ongoing changes to the IR35 system, including legal challenges, appeals and counter appeals, could be costly for those employing contractors. We are in a rather bizarre situation where the Check Employment Status for Tax (CEST) tool introduced by HMRC is constantly questioned by HMRC.
While Rishi Sunak, the Chancellor of the Exchequer, recently announced a one-year delay in the introduction of Making Tax Digital (MTD), the revolution has already begun.
While Bitcoin continues to grab the headlines, the cryptocurrency sector now takes in literally thousands of different digital assets...
The UK government recently announced plans to crackdown on tax avoidance, referred to as tax conditionality, in what is often described as the "hidden economy". In a straightforward yet highly effective move, various licence applications will now be considered with proof that the parties have completed a tax check with HMRC.
On 20 July 2021, the UK government published several draft Finance Bill 2022 clauses, one of which covers income tax basis periods. In the future, income tax basis periods for…
Individuals and companies that pay taxes in the UK could potentially find themselves under investigation by HMRC. If you do find yourself under investigation, there is no need to panic.…
Moyne Ramsay v HMRCThe tax case involving Moyne Ramsay v HMRC broke new grounds concerning property investment, landlord activities and S162 incorporation relief. In simple terms, Elizabeth Moyne Ramsay and…
At first glance, many people would consider the capital gains tax calculation on a guesthouse sale as reasonably straightforward. You need to consider the cost of the property, cost of…
Western businesses have an uphill struggle to get on in post-Communist Russia. Chris Wilkins reports.The papers are full of it; television documentaries extol it - Russia is the place to…
In April, the Inland Revenue issued the new income tax self assessment forms which we all fully expected, but for which we are almost certainly unpreparedThere is something about the…