19Sep
Have you paid too much tax?
Recent research undertaken by Intuit QuickBooks indicates that around 45% of SME employees have paid too much tax due to errors in their payroll, and would benefit from the services […]
Blog
17Sep
HMRC collects £1.8bn from high net worth individuals
HM Revenue & Customs’ yield from investigations into ‘wealthy individuals’ rose to £1.8bn in the 2018/19 tax year, up from £1.2bn the previous year. The number of compliance checks led […]
12Sep
Loan charge review leaves thousands facing huge tax bills ‘in limbo’
HM Revenue & Customs (HMRC) have been accused of keeping people who face the controversial “loan charge” in the dark after settlements were put on hold pending a review. The […]
14Aug
Broker ordered to pay redress over £30,000 stamp duty error
The Financial Ombudsman Service (FOS) has ordered Advance Mortgage Funding to compensate a couple after it gave incorrect advice on Stamp Duty Land Tax (SDLT), which resulted in them having […]
08Aug
HMRC issues an apology for the delays to R&D tax relief claims
HMRC has apologised for the length of time it has been taking to process R&D tax relief claims, which in some cases has been three times longer than the 28 […]
30Jul
HMRC investigates 1 in 4 inheritance tax returns
In the 2018/2019 tax year HMRC opened investigations into 5,537 inheritance tax returns submitted, according to figures gained from a freedom of information request by wealth managers Quilter. This represents […]
25Jul
Many gifters are ‘unclear on inheritance tax rules’
If you were to make a gift of money or assets would you be aware of the inheritance tax rules that might apply? HM Revenue & Customs (HMRC) polled 2,090 […]
23Jul
HMRC targets overseas-based UK landlords
The number of landlords living overseas who have come forward to voluntarily disclose tax avoidance on UK buy-to-lets has risen by over 60% in the past year. HM Revenue & […]
16Jul
HMRC fails to communicate 30-day CGT payment window
From 6 April 2020, anyone selling a residential property will be required to settle any Capital Gains Tax (CGT) charges within a new 30-day payment deadline. Taxpayers will no longer […]
10Jul
Non-compliant employers face auto-enrolment spot-checks
Businesses that flout their workplace pension duties face being subjected to random spot-checks by the Pensions Regulator. Employers that provide details to HM Revenue & Customs (HMRC) are having that […]
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