The First Tier Tribunal (FTT) has sided with HMRC finding a Swiss national’s film partnerships were carrying out their trading activities ‘wholly’ in the UK subjecting him to UK income tax
HMRC agreed secret settlement deal of just 15% with largest companies to resolve contractor payroll loan schemes back in 2015, a year before punitive Loan Charge was introduced
With employers under pressure to reduce employment costs with soaring national insurance bills, Cheryl Sharp, CEO, Pink Pig Financials explains how salary sacrifice works with practical examples of potential tax savings and pitfalls
Those earning extra income alongside their day jobs may need to check if they have earnt over the threshold that means they will need to file a self assessment, warns HMRC
In just one month businesses have paid out nearly £2bn in extra employers’ National Insurance while capital gains tax take fluctuates by the month as hit by weak M&A market
Billions of pounds of tax remain uncollected as HMRC reports the tax gap has grown to £46.8bn, equivalent to 5.3%, with small businesses the worst offenders for yet another year
With the abolition of non dom status, the brand new foreign income and gains (FIG) regime is in force and the old domicile concept has gone. Laura Burrows, CTA, senior technical writer at Croner-i explains how FIG works, and tax issues for qualifying new residents and transition measures
The Professional Conduct in Relation to Taxation (PCRT) has been updated to include specific guidance for tax advisers and accountants on Making Tax Digital for Income Tax and client relationships
Brits are working longer than ever before the annual Tax Freedom Day comes around, having to put in 162 days of grind before their income becomes their own
The chair of the Treasury committee has sent a scathing letter to the newly appointed CEO of HMRC after he failed to tell MPs about a large-scale phishing attack affecting 100,000 taxpayers
The Treasury has made minor improvements to carried interest tax rules for private equity and asset managers, but they will have to comply with current payments on account (POA) rules for paying and calculating outstanding tax with HMRC