Latest News

HMRC let property campaign

If you’re a landlord and you have undisclosed income, now is a good time to tell HMRC about any unpaid tax as they are running a ‘Let Property Campaign’.

Penalties for partnership follower notices

HMRC has updated its guidance on tax avoidance schemes and the penalties for partnership follower notices. The guidance sets out the penalties HMRC will charge if they have sent a partnership follower notice to the representative partner and they’ve not taken the necessary corrective action on time.

HMRC settlement deadline approaches

Time is running out for users of trust based tax planning arrangements to register their interest in settlement with HMRC. Missing the May 31st deadline may be expensive as it could mean incurring the 2019 loan charge before settlement can be finalised.

Soft Drinks Industry Levy

Businesses that produce or package liable drinks, and are not a small producer need to register for the Soft Drinks Industry Levy.

Tax abuse and insolvency

HMRC has opened a consultation into exploring ways to tackle those who deliberately abuse the insolvency regime in trying to avoid or evade their tax liabilities, including through the use of phoenix companies.

Landfill Tax

From William Pitt the Younger’s income tax to pay for weapons and equipment for the Napoleonic Wars through to increasing duties on cigarettes and alcohol and now a sugar tax to influence people’s behaviours, successive UK governments have frequently used taxation as a political tool.

VAT Cost Sharing Group changes

Following judgements in four European court cases HMRC has made some immediate changes to its policy on the VAT exemption available for cost sharing groups.