Stephanie Levin, partner at Blick Rothenberg, explains the proposed rules and potential pitfalls for close companies and owner managed businesses as HMRC ramps up scrutiny of directors’ loans
Frozen thresholds are carving out income with nearly 700,000 extra higher rate taxpayers in a single tax year, while top rate payers set to pass one million mark, offficial figures from HMRC show
‘Unclear’ information on HMRC website pushes taxpayers onto ‘hard to navigate’ phonelines, while one in three taxpayers still only communicate by letter
Supreme Court decision in BlueCrest raises serious tax issues for LLPs on reward structures and partner remuneration, and marks a return to first principles, says Ali Kazimi
Roxanne Slevin MCIPP, policy officer at the Chartered Institute of Payroll Professionals, explains the new mandatory registration requirements for payroll providers from setting up an agent services accounts to new anti-money laundering oversight rules
Premier League side Newcastle United Football Club is one of this month’s top deliberate tax defaulters, owing HMRC £1.9m in tax, while accounting firms face £1.2m in unpaid bills
HMRC warns landlords and sole traders ‘may incur significant transitional and continuing costs’ when Making Tax Digital threshold is lowered to £20,000
Sophie Brookes and Debbie Shaw examine rulings on HMRC opposition to restructuring and use of cross-class cram down in Waldorf Production, warranties in M&A transactions in Hoffman and share purchase agreements in Veranova Bidco LP
Confirmation from HMRC it will use Peppol electronic procurement infrastructure for e-invoicing system due to become mandatory for all UK businesses in 2029
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