The government plans to overhaul tipping practices, helping around 2 million people top up their income by ensuring all tips are given to staff rather than retained by business owners
The very low limit on the money purchase annual allowance (MPAA) means that many pension savers are at risk of receiving unwanted tax bills by overpaying into their pensions, warns Aegon
Martin Jackson, employment tax writer at Croner-i, gives an overview of the special tax arrangements that employers may enter into with HMRC, to help reduce compliance issues when dealing with internationally mobile employees
Between April and August 2021 HMRC collected £280.4bn worth of tax which is £84.7bn more than this period last year as the economy began to recover post pandemic
320,000 businesses face an even higher National Insurance contribution rate with the new Health and Social Care Levy according to a paper published by the House of Commons Library
Over the last two years, out of the 32,675 tax claims that had been queried by taxpayers almost half, 16,120, of the claims were dropped altogether by HMRC
The court has ruled against HMRC and found that £980,000 worth of loans made to a director from a remuneration trust were not connected to employment and not subject to tax or National Insurance contributions (NIC)
The number of non-domiciled taxpayers is stabilising after the significant reforms introduced in 2017. Tim Crook, head of tax at Gherson solicitors, considers the pros and cons
The government should stop increasing taxes on businesses and jobs, as it risks derailing the economy’s recovery from the pandemic says the Confederation of British Industry (CBI)
In a major enhancement to Accountancy Daily, Croner-i has made a further substantial investment in our news portal to give subscribers free exclusive access to Hardman’s Key Data, an unrivalled online service detailing all the essential tax data, updated in real time. Croner-i’s online Hardman’s Key Data service contains all the numerical and factual tax data needed regularly by tax, accounting and finance professionals
As HMRC clamps down on outstanding taxpayer debt, research shows that people do not necessarily view tax bills as important to settle compared with other household and business debt