Tax Myths Debunked: Self Assessment Returns
It feels as if the tax year has hardly begun, but the self assessment paper deadline is already looming – words that strike fear into the heart of many a…
It feels as if the tax year has hardly begun, but the self assessment paper deadline is already looming – words that strike fear into the heart of many a…
The ‘Requirement to Correct’ scheme was introduced on the 6thApril 2017: a new programme aimed at improving accuracy with regard to the reporting of foreign income. Over the summer, HMRC issued…
The deadline for Requirement to Correct has passed. For many people who have overseas interests and issues with their historic tax position, the harsher Failure to Correct scheme will now…
That times are tough for young people is something most would agree with; as such, it’s unsurprising that many parents (and grandparents) are making larger gifts during their lifetime (rather…
Off-payroll working in the private sector will soon undergo a series of reforms, HMRC recently announced. The new IR35 rules will come into effect in April 2020. The new IR35…
As of April 6th 2019, certain individuals will be able to inherit up to £950,000 free of income tax, thanks to IHT allowance changes. This is set to increase to £1…
In April 2016, the Targeted Anti-Avoidance Rule (TAAR) was introduced. This rule was established in order to prevent individuals from winding up companies in order to lower their tax liabilities.…