In this week’s Q&A, Teddy Rawlings, adviser at Croner-i VIP Tax Team, explains the benefit in kind tax charge when a director fails to pay off a director’s loan account in a timely manner
Bumper Finance (No.2) Bill released running to 554 pages, the longest piece of tax legislation since 2017 with raft of measures to crack down on tax avoidance promoters and thresholds frozen for six years
Removal of full tax free salary sacrifice on pensions with new £2,000 limit will hit nearly 300,000 companies with nearly half of current employee users facing higher tax bills
Scammers continue to target people with text messages claiming they need to apply online for winter fuel payments or they will not be paid, flagrantly lying to con pensioners
After the Budget freeze on tax thresholds far into the future, Katie Collins, partner at Ramsay Brown, and a specialist in the medical sector, says this will have a hugely damaging effect on NHS capacity, putting pressure on GPs and practice owners, and pushing more towards fewer hours rather than having to pay huge tax bills
In a bid to slash print and postage costs by £50m and drag HMRC communications into the 21st century, letters will no longer be sent out automatically to taxpayers from next spring, with email alerts notifying them of new documents in their personal tax accounts or the HMRC app instead
In this week’s Q&A, Croner-i VIP Tax Team adviser Joe Tabois explains what the personal tax position is for a UK based employee working for a US employer in this country
The government has issued details of how HMRC will calculate loan charge for nearly 40,000 taxpayers still facing tax bills for historic disguised remuneration scheme scandal
Treasury confirms HMRC is working on a new settlement opportunity for people facing loan charge bills after government accepts ‘vast majority’ of McCann recommendations
In a Budget rammed with small tax rises, Laura Suter, director of personal finance at AJ Bell, gives tips and advice on how to mitigate the worst of the changes
HMRC is planning an overhaul of self assessment system with earlier payment dates set to be introduced in a blind side in the small print of the Budget Red Book
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