Tax News

The Inheritance Tax main residence additional nil-rate band - June 13, 2017

A new additional nil-rate band of £100,000 for Inheritance Tax (IHT) on main residences, when bequeathed to a direct descendent, … Read more

Receipts rise as Corporation Tax rates fall - June 13, 2017

Corporation Tax receipts reached a record high in the 2016-17 financial year, with a total of £56 billion collected, a 21 … Read more

Finance Bill shrinks in the parliamentary wash-up as PM announces snap election - May 5, 2017

The announcement of a snap general election to take place on 8 June 2017 had an immediate impact on some of the most eye-catching … Read more

Furnished holiday lettings escape the new mortgage interest relief restriction - May 5, 2017

Landlords should be aware of the different rules which apply to furnished holiday lets and private rented properties, as … Read more

P11D dispensations have been dispensed with - May 5, 2017

Last year saw an important change to the way tax-deductible business expenses, which are paid to employees, are dealt with. … Read more

Online VAT fraud and error costing UK dear - May 5, 2017

A report published by the National Audit Office (NAO) estimates that online VAT fraud and error cost the UK somewhere between … Read more

HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax - May 5, 2017

Small-scale internet traders, including individuals and businesses who sell goods on websites such as eBay and Amazon, are … Read more

HMRC goes “nuclear” in pursuit of unpaid taxes - May 5, 2017

HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the … Read more

HMRC launches digital tax pilots - April 12, 2017

In a bid to calm fears about the introduction of Making Tax Digital (MTD), HM Revenue & Customs (HMRC) is to invite selected … Read more

Small businesses see changes to the VAT Flat Rate Scheme - April 4, 2017

Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under … Read more

Latest News & Articles
What does the future hold for businesses post-election?

Businesses up and down the UK are attempting to assess what the results of the 2017 snap general election …

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