Businesses rushed for last-minute sign up for Making Tax Digital (MTD) before the first quarterly VAT submission deadline, according to figures from HMRC. A blitz from software advertisers, and online... read more →
Prime Minister Boris Johnson has announced a review of the loan charge following pressure from campaign groups. The loan charge is estimated to affect around 50,000 people. Those who felt... read more →
July ended with a new prime minister in Boris Johnson and a new chancellor in Sajid Javid, both with different ideas from their immediate predecessors. There is already speculation about... read more →
The Treasury has said a single use plastic waste tax will be brought in – but not for three years. What can you do in the meantime to help tackle... read more →
July saw the publication of the long-awaited second report on inheritance tax (IHT) from the Office of Tax Simplification (OTS) with a range of useful proposals. Focused on simplifying the... read more →
HMRC did not collect 5.6% of the tax revenue due for 2017/18 according to its annual report on the tax gap. And the biggest increase in shortfall was from smaller... read more →
Around 6,000 parents have had their penalties cancelled for failure to notify HMRC that they were liable for the high income child benefit charge (HICBC). This is unlikely to be... read more →
The phrase ‘define your terms’ could have been invented for the benefit-in-kind rules around company cars. A recent case that ended up in the Upper Tribunal between Coca-Cola and HMRC... read more →
The controversy surrounding the loan charge deadline is a reminder of the dangers of aggressive tax planning. If you were offered a way of being paid a ‘salary’ that involved... read more →
Despite Parliament voting against leaving the EU with no deal, this does not mean the risk of a no deal has entirely disappeared. Forward planning in these circumstances is both... read more →
