Tax

Latest news

Tax | Strike forces HMRC to extend tax credit renewal deadline

Amid fears that industrial action taking place this week at tax offices around the country will lead to long delays on telephone support lines, HMRC has announced it is giving tax credit claimants an extra week to renew their tax credits claim if they have not already done so

Tax | Property conversions: avoiding VAT pitfalls

Watch out for a number of VAT traps if you are planning to convert commercial properties into residential property. Julie Green, CCH VAT specialist, considers the pitfalls and liabilities, particularly focusing on a public house conversion

Tax | OTS reviews employment status imbalance over NICs

The Office of Tax Simplification (OTS) has launched its employment status project to examine the dividing line between employment and self-employment amid concerns that the significant tax and NIC differences between the two regimes are driving changes in business behaviour, such as the increasing use of personal service companies.

Tax | HMRC workers set for three-day rolling strike action

HMRC workers are set to strike next week over grievances about performance related pay, job cuts and office closures, with 31 July identified as a key action day as it coincides with one of the most important dates in the annual tax calendar for self-employed people and the tax credits deadline.

Tax | Higher rate taxpayers set to double by 2033 says OBR

More than 10m people are expected to move into the higher rate thresholds for income tax by 2033, twice as many as currently, according to forecasts by the Office for Budget Responsibility (OBR) if the current £41,865 threshold rises in line with inflation.
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