In this week’s Q&A, Croner Taxwise’s Stephen Fletcher examines the qualifying criteria for business property relief when gifting a company to a family member on retirement
Taxpayers need to ensure they allocate their self employment income support scheme (SEISS) payments in the correct box on self assessment tax returns to avoid double taxation
Nearly 40% of respondents to the latest HMRC IPSOS research on Making Tax Digital said that it would be difficult to start reporting income tax on a quarterly basis when rules come into force in 2024
Scottish tax take is set to rise by £715m from the current projection of £13.6bn to £14.3bn for tax year 2022-23, with more taxpayers pushed into higher rate tax
HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2022, increasing rates between one and three pence per mile in light of soaring fuel prices at forecourts
Croner-i experts examine whether tax motivated incorporation still has a place in light of tax changes coming in 2023 and look at tax efficient profit extraction for existing companies
The common reporting standard has given HMRC the ability to access the financial details of taxpayers stashing money offshore, helping to close the tax gap, explains Andrew Park, tax investigations partner at Andersen
Mistakes made when claiming higher rate child benefit are most frequently the result of poor communication from HMRC and it is more difficult for those with complex, fluctuating earnings
In a bid to tackle the cost of living crisis, the Chancellor has announced a £15bn package of support with one-off payments for pensioners and lowest income earners, and doubled the £200 energy bill support
The number of families claiming tax free childcare has gone up by a third to 512,000 in the last year as families look for additional support, but thousands are not claiming
MPs have criticised the waste of time and money as government departments struggled to comply with IR35 rules and messed up their tax calculations, underpaying tax by millions of pounds
In the run-up to the 31 July renewals deadline for tax credits, HMRC has warned that fraudsters are targeting claimants with scam emails, fake websites, and text messages