Changes to cash basis reporting set out in the Autumn Statement will see the complete removal of the £150,000 turnover threshold limit for sole traders
The Chancellor has cut the rate of employee National Insurance by 2% to 10% to take effect in January, reducing total tax for basic rate taxpayers to 30%
The tribunal ruling in BlueCrest Capital Management’s tax arrangements means LLPs should revisit their agreements and profit share computations to assess how they interact with the salaried member conditions, explain Charlotte Sallabank, Christy Wilson and Hayley Rabet from Katten Muchin Rosenman
A taxpayer who failed to declare the sale of three properties and submitted inaccurate self assessment tax returns must pay tax and penalties of £100,485
Raising the inheritance tax threshold to £500,000 and removing the residence nil rate band would benefit a limited number of taxpayers and cost £1.4bn a year in lost tax
With less than 100 days to go until the self assessment tax return deadline, 75% of the self employed admit they do not know when higher rate tax kicks in
In this week’s Q&A, Stephen Fletcher, Croner-i explains the income tax implications of distributions from stocks and shares in a UK and overseas company