Non doms need to review their real estate portfolios to mitigate their potential tax liability in a complex tax environment where increasingly the rules are changing and the government is attempting to clamp down on potential abuse, says Naomi Lawton, senior associate at Memery Crystal LLP
HMRC has updated the guidance for tax agents and advisers on common errors on property rental in tax returns. It will also be helpful to anyone who is completing an income tax self assessment tax return as it outlines the risks associated with claiming expenses and capital allowances, and limits on offsetting earnings from buy-to-let properties
Care and support employers, including people who employ carers to look after themselves or sick relatives, can claim an employment allowance to reduce their employer/secondary class 1 National Insurance bill by up to £2,000 a year from 6 April 2015
As of today, children under the age of 12 will not have to pay airline passenger duty (APD) on short haul and long haul flights, while under 16s will be removed from ADP in 2016, although securing refunds for advance ticket purchases is not straightforward
Labour politician Margaret Hodge, who was outspoken in her condemnation of tax avoidance during her time as chair of the Public Accounts Committee (PAC), has been forced to issue a statement to counter claims of hypocrisy over her own tax arrangements involving the use of the Liechtenstein Disclosure Facility (LDF)
Our roundup of the latest tax news and cases including loss relief for LLP member in Hamilton case, tax relief on R&D payments, four-year time limit not applicable to self assessment in Higgs, HMRC non-resident landlord scheme guidance, Revenue Scotland goes live for LBTT collections, 2015-16 tax rate changes. Sharon Khin reports
HMRC could face a legal challenge over its decision to offer UK taxpayers with undeclared HSBC Swiss bank accounts the chance to settle via the Liechtenstein Disclosure Facility (LDF), rather than prosecuting them for tax avoidance which would have seen many pay higher penalties as lobby group Avaaz hires legal representation
To allay fears about phishing emails, HMRC has confirmed that taxpayers who have registered to claim the marriage allowance will be contacted over a six-week period from 20 April advising them how to activate their claim
HMRC has issued the revised guidance on the directors’ loan accounts toolkit for 2014-15 company tax returns, highlighting common errors and areas of risk including personal expenses and benefits, plus an updated checklist
ICAEW is warning that proposals put forward by the last government for changes to the remittance basis charge (RBC) for non doms risk creating uncertainty and deterring foreign investment in the UK
In the run-up to the general election on 7 May, Accountancy reviews the key tax measures announced by the political parties in their manifestos and in public speeches in the run-up to this year's election and their impact on business. Jaimie Kaffash talks to leading tax advisers about their tax wish list and realistic expectations
The Low Incomes Tax Reform Group (LITRG) is warning those over the age of 55 who are thinking about drawing down their pensions early to carefully consider the impact on tax credit claims.
The 73-year old heiress to the Nina Ricci perfume and fashion fortune has been convicted of tax fraud and is the first person to face a jail sentence for seeking to evade taxes by using an offshore account in HSBC’s private Swiss bank
In the last throes of the coalition government, the Chancellor George Osborne announced plans to review the use of deeds of variation in inheritance planning, citing concerns tax abuse. Lynne Rowland, private client tax partner at Kingston Smith LLP, considers the tax implications and impact on future inheritance tax (IHT) planning
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