David Truman, partner, private client at Menzies explains the common mistakes and tax traps for people reporting quarterly under Making Tax Digital from receipts and expenses to allowable deductions and defining income
Designers Guild calls in administrators at luxury home furnishings group with flagship shop in Kings Road after original IP deal falters and accounts overdue
Fiscal drag means millions more graduates dragged into higher rate tax earlier than expected, as thinktank says government trying to ‘live beyond its means’
Withdrawals from pension pots hit £91bn in a single year as pension savers pulled out £91bn as concerns about inheritance tax and possible curbs on tax free withdrawal limit mount
Changes to day one employment rights coming down the track mean probation periods should be reviewed. Stacie Cheadle, technical writer at Croner, explains what employers need to do
Changes to capital gains tax and business asset disposal relief, the old entrepreneurs’ relief, could reduce what business owners retain on exit, but the run-up to a Budget is not the time to make rash decisions. Steven Edwards and Emma Reynolds, partners at Crowe, explain the key issues to consider
HMRC plans to release new guidance ‘as soon as possible’ for ISA managers about how to deal with complex new rules about tax treatment of uninvested cash held in stocks and shares ISAs
Administrators show Claire's Accessories UK Ltd collapsed owing £3.4m tax bill, separate from £1.3m claim after fall of successor business CAUKI Limited
Signs of corporation tax plateauing as latest annual receipts exceed £100bn for the first time, but hike to 25% rate fails to raise significant longer term CT growth for the Treasury
Vocational GCSEs proposed despite career-focused subjects already being taught at same level, as 67% of young people say curriculum does not prepare them for work
Court sends accountant back to prison after failing to pay confiscation order related to £1.1m fraud against vulnerable client, son of a business acquaintance