A Northern Ireland businessman who failed to declare a string of property sales to avoid paying more than £422,000 in tax, and did not use HMRC’s contractual disclosure facility COP9 to make good the irregularities, has been given a suspended sentence

A so-called citizen’s inheritance one-off payment of £10,000 to all 25-year olds, halving stamp duty land tax (SDLT) for all first-time buyers and introducing national insurance contributions (NICs) on pensioners’ salaries all form part of a new ‘generational contract’ proposed by the Resolution Foundation to tackle ongoing issues with unaffordable housing

Leafy Surrey suburb Elmbridge has retained its top spot as home of the UK's biggest taxpayers with a 10% hike to reach a £20,500 average income tax payment per person this year, compared to the national average of just £4,794, according to analysis by UHY Hacker Young

HMRC launched 250 investigations into transfer pricing by UK corporates in the last year, according to research by Pinsent Masons with levels of underpayment up by 51%, indicating more complex inquiries

Mark Cawthron LLB CTA, tax writer at Croner-i Tax & Accounting, considers the implications of the recent MDCM ruling in favour of the appellant in an IR35 case on so-called 'disguised employment' in light of the contrary decision in the recent Ackroyd BBC case

This month's exclusive Accountancy Daily CPD module covers the basic principles of agricultural property relief (APR) as well as the conditions that need to be fulfilled, the special cases that are relevant and the interaction between business property relief (BPR) and APR

The number of accelerated payment notices (APNs) that HMRC admits it has issued in error has now risen to 6,000, according to analysis by RPC

The Internal Revenue Service (IRS) is being pressed to adopt new online systems after the US House of Representatives passed legislation intended to introduce digital services and require the tax authority to appoint a chief information officer (CIO), in the wake of technical problems which saw the tax payments system crash on deadline day

Amendments to the Sanctions and Anti-Money Laundering Bill mean a broader beneficial ownership register is back on the agenda as the government attempts to extend its powers to the likes of Cayman Islands and BVI. Although Crown Dependencies are beyond scope, Geoff Cook, CEO of Jersey Finance says governments need to take a global approach rather than unilateral action against select international finance centres

Care workers are losing out because of the confusing and unhelpful way in which their working arrangements and low pay interact with tax, welfare and minimum wage rules, according to a study by the Low Incomes Tax Reform Group (LITRG)

HMRC has issued revised guidance on non-resident capital gains tax (NRCGT) rules for UK residential property sales for anyone residing overseas stressing the 30-day deadline for notification and warning failure to report as third of sellers face penalties

Entrepreneurs’ relief is one of the main tax breaks designed to encourage business and entrepreneurship but like many other tax reliefs, it is riddled with complexity. Peter Rayney FCA CTA (Fellow) takes us through his top 10 entrepreneurs’ relief pitfalls and traps