HM Revenue & Customs (HMRC) have announced a new campaign to encourage taxpayers with outstanding tax returns to bring their tax affairs up to date. ... Continue Reading
The World According to... GAAR? TW Ed admires the ambition of domestic and international tax lawmakers to combat perceived abuse. Welcome to a brave ... Continue Reading
TaxationWeb points out that by law, P11Ds may be filed as late as 19 July without penalty. Many advisers (and no doubt others - particularly those who are ... Continue Reading
Income from renting out a property, including sub-letting a room to a lodger, affects your tax position. LITRG have published a guide on what you need to do. Introduction People ... Continue Reading
There is an exemption for inheritance tax purposes in addition to the £3,000 annual allowance for gifts made out of income on a regular basis. It is important ... Continue Reading
TW Ed ponders some of the implications of HMRC's developing policy for evaluating and dealing with Tax Agents. This week, I have been watching the combined ... Continue Reading
Mark McLaughlin CTA (Fellow) ATT TEP outlines the anti-avoidance rules on loans, advances and transfers of value included in Finance Bill 2013. [Note – ... Continue Reading
Peter Vaines of Squire Sanders highlights yet another case where HM Revenue & Customs have wrongly tried to impose penalties for the late payment of tax. We ... Continue Reading
Mark McLaughlin CTA (Fellow) ATT TEP warns that interest from joint bank accounts may not be taxed as intended. Introduction Bank or building society ... Continue Reading
Government Spending Review measures include using commercial debt collection agencies to target tax credits error, fraud and debt. LITRG fears claimants will ... Continue Reading
