Latest News

Simplifying corporation tax

The Office for Tax Simplification has published its report into how to simplify corporation tax so as to improve the experience of small and large businesses

Any one for tennis? HMRC’s Rent a Room Scheme

At this time of year there’s a corner of London, around Wimbledon or to use its proper name ‘The All England Lawn Tennis and Croquet Club’, where residential property owners can make significant money by renting out their homes during the championship fortnight. under HMRC’s Rent a Room scheme.

Online tax appeals

HMRC doesn’t always get its tax calculations right and as part of its commitment to make processes more accessible HMRC has introduced an online appeal service. Using the online service allows taxpayers to bring certain types of appeals against decisions made by HMRC to the tax tribunal for consideration.

Self Assessment criteria updated

HMRC has updated the guidance on the level of taxable dividend and interest income which falls below the threshold for a self assessment tax return in order to clarify the requirement for such a return.

HMRC’s Let Property campaign

On a regular basis HMRC runs campaigns to encourage payment of tax by specific groups of people – defined by sector or indeed a common issue which has come to their attention.

HMRC’s Second Incomes Campaign

On a regular basis HMRC runs campaigns to encourage payment of tax by specific groups of people – defined by sector or indeed a common issue which has come to their attention.