The Low Incomes Tax Reform Group (LITRG) is warning people that they have until Wednesday (30) to meet their loan charge reporting and payment obligations
The Treasury has signalled the government will end VAT refunds on purchases made by overseas visitors on 31 December, when the UK leaves the EU, despite claims from the travel and luxury goods sector that this will harm tourism
In our regular Q&A series from Croner Taxwise, Vanessa Matthews advises how much could be recoverable from an under deducted Class 1 National Insurance Contributions (NICs) bill from HMRC
In our regular Q&A series from Croner Taxwise, trainee tax adviser, Alexander McCarthy explains whether a taxpayer can claim their old marital home is still their main residence for capital gains tax (CGT) purposes when it is sold
Windsor has been named the UK hotspot for tax avoidance based on numbers of disclosures by taxpayers in the past year, with other stockbroker belt towns also in the top ten, according to research by UHY Hacker Young
A new wealth tax in the UK, to support the NHS and social care, cannot be ruled out, following suggestions from the US to introduce a new charge on billionaires, says Blick Rothenberg’s Nimesh Shah
The Treasury has confirmed that the minimum private pension age will increase from 55 to 57 in 2028, meaning that savers in late forties and those younger will now need to wait two years longer before accessing their pension
Existing tax rules on free accommodation, meals and childcare should be axed for NHS staff who made great sacrifices to protect us all, says RSM’s Susan Ball
A taxpayer has won an appeal against penalties imposed for his failure to notify his liability for the high income child benefit charge (HICBC), on the grounds that ignorance of the law was a reasonable excuse and he was not required to ‘rummage’ through all of HMRC’s information sources
In her second article on possible pension tax relief reform, LEBC’s Kay Ingram sees greater restrictions ahead as cost of Covid-19 becomes clearer with Spring Budget changes short-lived
Accountancy firm Milsted Langdon, has joined family law organisation, Resolution, in calling for reforms to the capital gains tax (CGT) system - making it fairer and simpler by introducing a general relief for asset transfers arising for divorcing couples
As questions are raised over the future of inheritance tax, Crowe’s Tom Elliott reviews the possible options and asks whether it is a tax that should be laid to rest
HMRC has published further details on how it will implement the loan charge in relation to the use of disguised remuneration tax avoidance schemes where the tax due has not already been settled, emphasising there will be no special settlement terms
Plea bargain deals give taxpayers immunity from criminal investigations as HMRC steps up investigations to help pay for coronavirus economic assistance
