The Lords have refused to pass the Government’s legislation seeking to cut tax credits significantly from April 2016, voting in favour of two amendments before ... Continue Reading
The Low Incomes Tax Reform Group (LITRG) welcomes the publication of a government amendment to the Finance Bill which will help protect vulnerable taxpayers who ... Continue Reading
The LITRG is calling on HMRC not to pursue individual workers for underpayments arising from their involvement in arrangements between engagers of their labour and ... Continue Reading
An introduction to the principles and potential benefits of the VAT Flat Rate Scheme, by accountants Howlader and Co. What is the VAT Flat Rate Scheme? HMRC introduced ... Continue Reading
LITRG have produced a quick reference table to help tax credit claimants see their potential losses from April 2016. Background Most tax credit claimants will ... Continue Reading
Peter Vaines of Squire Patton Boggs considers the changes announced in the Summer 2015 Budget for trusts and for non-domiciled persons. Inheritance Tax : Trusts There ... Continue Reading
The Parliamentary answer to a request for clarification about future levels of the child tax credit threshold states that its reduction will depend on a number of ... Continue Reading
Job-related expenses that your employer paid or reimbursed during the tax year 2014/15 should not carry any additional tax liabilities – but you may need to ... Continue Reading
EBT Schemes / Advance Payment Notices (APNs) A query from an adviser, who had just taken on a client who had invested in an Employee Benefit Trust, or EBT, and ... Continue Reading
The Chancellor’s Summer Budget 2015 claimed to put security first, both national security and economic security for working people. This involved significant ... Continue Reading
