Are you ready to file your first digital tax return?

Posted on 15 Jul, 2019

HM Revenue & Customs (HMRC) has reminded business owners that their first digital quarterly return may be due by 07 August.

IHT seven-year rule on gifts could be cut to five

Posted on 12 Jul, 2019

At the moment, when someone dies within seven years of passing on money, property or possessions to loved ones, tax of up to 40 per cent must be paid.

Radio presenter Paul Hawksbee wins pivotal IR35 appeal

Posted on 11 Jul, 2019

Talksport presenter Paul Hawksbee has won an important IR35 tribunal case against HM Revenue & Customs over a £140,000 tax bill.

Inheritance tax to be made “simpler, more intuitive and easier to operate”

Posted on 9 Jul, 2019

The Office for Tax Simplification (OTS) has published its second opinion on Inheritance Tax (IHT) and how it can be made “simpler, more intuitive and easier to operate”.

British Airways handed £183 million fine in country’s first GDPR ruling

Posted on 8 Jul, 2019

British Airways has today, 08 July 2019, been handed a huge £183 million fine following an “extensive investigation”, the Information Commission’s Office (ICO) has confirmed.

CGT error in thousands of HMRC returns

Posted on 5 Jul, 2019

HM Revenue and Customs (HMRC) has recently issued nearly 350,000 incorrect short tax returns, indicating an error in taxpayers’ capital gains allowance.

Companies House update: Late filing penalty appeal process

Posted on 4 Jul, 2019

Companies House has updated the guidance on the assessment of penalty appeals made by businesses regarding the late filing of accounts.

Foreign direct investment continues to drive UK economy

Posted on 2 Jul, 2019

Inward investment into the UK has created more than 57,000 new jobs over the last 12 months, new figures have revealed.

Don’t forget to renew your tax credits!

Posted on 1 Jul, 2019

HM Revenue & Customs (HMRC) has reminded taxpayers to renew their tax credits before 31 July 2019 or risk having their payments frozen.

Is your business compliant with the Making Tax Digital rules?

Posted on 28 Jun, 2019

According to new research, thousands of UK businesses could find themselves under scrutiny from HM Revenue & Customs (HMRC) for failing to follow new rules on keeping digital records.