With days until Making Tax Digital for Income Tax goes live for £50,000 plus landlords and self employed, HMRC clarifies exit options and cessation process
In this week’s Q&A, Joshua Hamley-Deane, tax adviser at Croner, explains the differences between recovering input tax on leased and purchased cars for mixed use
A Soho film investor is one of this month’s top deliberate tax defaulters owing £14.1m to HMRC along with a pandemic PPE supplier, a prop maker, Dubai landlord and OnlyFans creator
All businesses will have to use commercial software to file company tax returns from 1 April as current system ‘outdated’ but warning to save three years of records
In this week’s Q&A, Isabella Wilson, adviser at Croner VIP Tax Team, explains the tax implications for a failure to withhold income tax on foreign interest payments
A last minute inheritance tax concession on excluded property trusts still leaves trustees with a complex landscape of long-term residency and tail periods to manoeuvre, explain Kate Johnson, partner, and Caroline Russell, senior associate at Wedlake Bell LLP
Tougher powers for HMRC to clamp down on rogue tax advisers with move to sanctionable conduct replacing dishonest conduct despite only being used five times
Delays to refunds of US Liberation Day tariffs expected as US Customs and Border Protection works on new CAPE portal to ensure accurate refund calculations as companies still hit with tariff bills
Mothers on maternity leave will still have to file quarterly under Making Tax Digital for Income Tax, even if earnings are nil, if they are in first £50,000 wave
With significant changes to statutory sick pay (SSP) with day one eligibility from April, HMRC clarifies payment requirements if sickness straddles old and new rules and for employees on longer term absence
Millions of side hustlers warned as HMRC receives huge tranche of £55bn worth of sales data from online platforms including eBay, Airbnb and finfluencer sites
In this week’s Q&A, Andy Gilderdale, advisor at Croner VIP Tax Team, considers inheritance tax implications of residence nil rate band (RNRB) where non-resident UK couple living in Spain plan to leave property in trust to daughter
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