Just half a million people pay a third of income tax and capital gains tax (CGT) with 100 of the ultra high net worth individuals shelling out £4.11bn in a single year
Today’s tax treat is talk of a Treasury plan to increase tax on all types of partnerships, but this is fraught with problems, says James Kipping, partner at MHA
As Budget rumours swirl, partners in limited liability partnerships could face a tax rise with the Treasury looking to raise £2bn by making LLPs pay employer national insurance
Tax take for September hit £71.2bn, up an eye watering £7.7bn on the same time last year, highlighting the shocking impact of soaring tax rates and fiscal drag
All powerful data analysis tool Connect raises additional £4.6bn in single year as thousands of HMRC staff use the big data network to root out non-compliant taxpayers
HMRC has ramped up investigations into footballs clubs, players and agents to stop tax leakage, raising an additional £90m in tax, up by a third in a single year
Understanding the rules and complexities around director’s loans is essential to sound financial management and effective tax planning, explains Paul Attridge, tax partner at Gerald Edelman
HMRC has named five accountancy firms after they took fees for introducing clients to a tax avoidance scheme involving use of prepaid cards for advertising services, resulting in disguised remuneration
Following a four-year hiatus, HMRC plans to start collecting tax debts directly from bank accounts again under rarely used direct recovery of debts (DRD) rules
RSM partner Jackie Hall and associate director Matthew Todd explain potential pitfalls for directors when it comes to the next self assessment season in 2025-26 with new reporting requirements on dividends and shareholdings
HMRC is urging the self employed, landlords and side hustlers to register for self assessment by 5 October deadline to get vital UTR number required for tax returns
Growing number of electric vehicles on the road is beginning to erode fuel duty tax revenue, creating a potential £2.7bn tax headache for the chancellor