As the countdown starts for the second Budget of the year, accountants are hoping to see measures to support business, clarity on environmental taxes and possible changes to inheritance tax
Hayden Bailey, private client partner at Boodle Hatfield considers some of the pros and cons of individuals paying themselves dividends from their company, as well as the risks involved
In this month’s tax receipts, inheritance tax (IHT) has increased by £700m with HMRC collecting a total of £3.1bn in six months compared with £2.4bn for the same period last year
The Chartered Institute of Taxation (CIOT) is calling on the government to set out how it plans to use the tax system to help meet its net zero ambitions
The Treasury warns that taxes will need to be raised in order to cover the £37bn that will be lost from the reduced fuel duty and vehicle excise duty (VED) in the government’s net zero strategy
The Court has ruled against HMRC stating that it was not entitled to claim UK acquisition VAT of £1.3m from a taxpayer on the purchase of alcohol from a supplier situated in an EU member state
A raft of tax changes is due to come into effect before the end of the year in Spain including a wealth tax, increases to income tax and property tax revisions. Claudio Rodríguez Vera, international tax barrister at Del Canto Chambers unpicks the plans and considers visa options
HMRC has issued guidance on time to pay arrangements which specifies what businesses need to do if they are unable to pay their tax bill and need to spread the costs
The court has dismissed an appeal from a taxpayer finding that he had unreasonably delayed applying for enhanced protection on his pension which resulted in a £1.5m tax bill
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