UK Research and Innovation, a government funded body, faces a tax bill of £36m after wrongly categorising contractors under the off payroll working rules
HMRC has confirmed that from tax year 2023 to 2024 onwards, the self assessment threshold for taxpayers taxed through PAYE only, will change from £100,000 to £150,000
As the UK faces the highest tax burden for decades, the introduction of a wealth tax would damage entrepreneurship and force top earners to question their residency, warns Des Hanna, international tax director at Andersen LLP
FTSE 100 power company SSE has won a case at the Supreme Court over a long-running dispute over whether a claim for capital allowances was tax deductible
From principal private residence relief to inheritance tax and capital gains tax, home owners need to keep up to speed with tax liability, explains Chris Thorpe LLB ATT CTA (Fellow) TEP
In this week’s Q&A, we explain the new requirements for research and development (R&D) claims as new rules kick in for claimants with extra information disclosure
HMRC raked in £70.8bn in total tax collected in April 2023 from £63.4bn the previous month, with inheritance tax (IHT) continuing to rise as a result of frozen allowances and inflation
Advance tax registration for taxi drivers and scrap metal dealers will be mandatory in Scotland and Northern Ireland from October before a licence to operate is issued
Generative artificial intelligence such as ChatGPT will have significant implications for accountants but AI tools need training to be a true expert in tax and accounting, argues Russell Gammon, chief solutions officer, Tax Systems