Life has become very tough for amateur landlords in recent years. Tax changes, tighter regulations, lending restrictions – you name it, the buy-to-let property sector has been hit by it. But one entity is very happy indeed about the squeeze […]

The new tax year starts on today and in general taxpayers will have more money in their pocket after increases to allowances come into force. Those selling shares or buy-to-let properties, however, will be hit hard. Increases to the tax-free […]

Many nations, particularly Scandinavian countries, are currently trying to embrace a cashless future where physical money is replaced with digital. RT talked to experts about the upsides and downsides of such a move. While some see a cashless society as […]

HM Revenue and Customs has agreed to set out details of how the collapse of the its contract with US outsourcing firm Concentrix to tackle tax credit fraud and error has affected performance following a recommendation by MPs. In its […]

Some 700,000 people failed to submit on time – if you missed the self assessment deadline, here’s what you need to know Millions of people will be breathing a sign of relief today after just about making HMRC’s tax return […]

Hundreds of thousands of private-sector contractors face higher tax and National Insurance (NI) bills from April 2020. The chancellor announced that tighter tax rules for those working in the public sector will be extended to those working for private firms. […]

Launched in Autumn 2013, this is HMRC’s longest running campaign Disclosures under the LPC allow tax payers to rectify their affairs in respect of undeclared income or gains relating to rental properties and holiday lets Making a voluntary disclosure, or […]

Chas Roy-Chowdhury, global head of tax at ACCA (the Association of Chartered Certified Accountants) says: ‘While the government’s aim is to keep VAT procedures as close as possible to what they are now, there’s a strong possibility that things will […]

At a recent ‘talking points’ webinar HMRC summarised some of the main points on how it tackles fraud and related issues such as the use of the Contractual Disclosure Facility (CDF) and the potential liability that accountants may face.   […]

HM Revenue & Customs is seeking new powers that will allow it to obtain information about taxpayers from any business or organisation without seeking approval from the tax tribunal. The proposals, set out in a government consultation launched this week, would allow […]