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
The Low Incomes Tax Reform Group (LITRG) is encouraging students and school or college leavers to check they are not overpaying their taxes. Introduction Students ... Continue Reading
TW Ed wonders if anyone comes out of the tax avoidance debate unscathed. Nobody wants to pay more tax than they have to, right? That, or more correctly ... Continue Reading
LITRG welcomes the move to 0300 numbers for HMRC’s VAT, National Insurance, income tax and self assessment helplines. These should result in better services ... Continue Reading
I must admit to being a trifle astonished at last week's events, for various reasons. Astonishing #1 It seems, for instance, that some people - people ... Continue Reading
