HMRC has issued a warning about a new fraudulent tax scheme targeted at employment agencies and businesses involving resold tax credits to reduce NICs and income tax
Neil Warren CTA (Fellow) ATT considers the pros and cons of splitting businesses to reduce VAT liability, with a warning about HMRC’s powers to treat separate entities as a single registration for VAT purposes if they are closely connected
In this week’s Q&A, David Lawson, tax adviser at Croneri VIP Tax Team, explains the process for claiming film tax credits for upcoming productions filmed in both UK and overseas locations
People selling homemade crafts and Christmas cards at markets this December need to keep within the £1,000 side hustle threshold, or face a demand from HMRC
In this week’s Q&A, Kiya Jacobs, tax adviser at Croner-i VIP Tax Team, explains timing issues of using business property relief (BPR) before £1m cap comes into effect
Work location has the potential to dramatically increase exposure to tax and employment law regulations, while even triggering permanent establishment rules, warns Davyd Fisher, partner at Grant Thornton
A surge in HMRC letters to crypto investors is causing widespread concern about a lack of awareness about their individual tax liability, warns Neil Tipping, lead tax enquiry consultant at Croner-i VIP Tax Team
Older farmers and family business owners should have more time to prepare for changes to inheritance tax with a transitional gifting rule as seven-year window might be too tight, warns tax experts
In a big push to improve tax compliance, HMRC sent out over 65,000 nudge letters to hobby crypto traders it suspects of underpaying tax on gains, while holders not clear about tax rules
Any taxpayers still doing a paper self assessment tax return must file their 2024-25 forms by Friday 31 October, which means getting them in the post sharpish
In this week’s Q&A, Marsha Haywood, adviser at Croner-i VIP Tax Team, explains liability for higher rate stamp duty land tax on replacement of main residence by spouse
Directors on PAYE are being warned to check their National Insurance contributions (NICs) are correctly calculated to reflect any changes to previous tax years as two cuts in rate occurred
In this week’s Q&A, Ria Dhillon, tax adviser at Croner-i VIP Tax Team, explains the tax implications when selling a buy to let residential property when an option is granted
All powerful data analysis tool Connect raises additional £4.6bn in single year as thousands of HMRC staff use the big data network to root out non-compliant taxpayers