The UK government is reportedly considering a cut to inheritance tax (IHT) ahead of the next general election, despite being forecast to raise around £7.2bn in 2023/24
An IT specialist has lost a First Tier Tribunal (FTT) appeal after claiming relief for compensation he received for the loss of rights under a stock option scheme provided by his employer
In the past year alone, HMRC has increased the number of its compliance staff by over 3,000 as it looks to reverse a sharp decline in tax revenue, according to Price Bailey
HMRC has launched a consultation on new rules to allow employers to report salary advances along with regular salary payments to remove requirement to effectively double report
A management consultancy, construction company and golf club have been fined over £13m for tax evasion, after deliberately failing to pay £20.3m in tax
As HMRC struggles to deal with demand for telephone support, it will drop the 10-minute call answering target from the agent dedicated line for accountants
HMRC collected a total of £60.7bn in tax in August 2023, marking a £19.8bn hike on last year’s six-month performance, with inheritance tax continuing to fill Treasury coffers
Bluecrest Capital Management LLP has once again lost an appeal over the tax status of members of the partnership due to lack of influence over business
A third of small businesses have seen a deterioration in the quality of their dealings with HMRC in the last 12 months, with particular dissatisfaction with telephone support
The tax burden on buy to let landlords has increased significantly from removal of interest relief to higher capital gains tax. Tim Palmer CTA ATT, senior partner, Palmer Consultancy Partnership, explains the key issues to consider
An internet based essay and dissertation writing service for students has lost an appeal at the First Tier Tribunal over who is liable for £419,559 in VAT charges for the academic work
