Rogue tax agents and HMRC lockouts
While the move to complete digitisation was expected and has significant benefits, the growing number of tax agent accounts being frozen by HMRC is concerning.
While the move to complete digitisation was expected and has significant benefits, the growing number of tax agent accounts being frozen by HMRC is concerning.
Companies House will soon undergo the most significant reorganisation in its 180-year history.
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.
There is growing frustration and concern amongst the accountancy community about the level of service provided by HMRC. This came to a head on 1st March 2023 when an open letter signed by ten accountancy bodies was sent to the Chancellor of the Exchequer, Jeremy Hunt. After years of unrest, more recent changes to HMRC working practices and staffing levels are compromising the activities of accountancy practices up and down the UK.