Autumn Statement reaction from Shaun Davison
Individual taxpayers, both employees and investors, are facing bigger bills following the Autumn Statement.
Self assessment clock ticks down to under 100 days
HMRC has reminded taxpayers that they are now less than 100 days until the deadline for self assessment online return submission.
HMRC raises late payment interest from 11 October
HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate.
Budget reaction from James Shipp
Well, no-one can say that Liz Truss’s government is not implementing the policies she set out during her leadership campaign – in fact, the mini-Budget went considerably further than most of us expected.
HMRC target “People with Significant Control” of a company
HM Revenue & Customs (HMRC) have issued ‘nudge’ letters to taxpayers who they consider may not have reported a disposal of shares in an unlisted company in which they had a significant interest.
Making Tax Digital for Income Tax
HM Revenue and Customs on 26 August 2022 has released its first of many anticipated articles of what will be required going forward.
Tax burden set to ease for divorcing couples
The Government has recently published draft legislation that will allow divorcing couples more time to arrange their tax affairs.
Partnerships may be subject to TRS
Where there is land and or property in a partnership, in very simple terms, it is ‘held in trust’ for the benefit of all the partners in the partnership. Although the value of that land may be credited to individual partners’ capital accounts, it has as a matter of law become partnership property and therefore is held to benefit all the partners.