HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as ‘the tax gap’ as being ‘4.8% of total theoretical tax liabilities, or £35.8 billion in absolute terms, in the 2021 to 2022 tax year’. HMRC appreciates that not all this money is purposely withheld (as in fraud or […]
Year: 2024
Furnished Holiday Lettings – a recap
A furnished holiday let (FHL) is simply a house, anywhere in the UK or EEA, let to short term holidaymakers. It does not need to be in a specific “normal” holiday location i.e., by the beach, near sights etc. A FHL can benefit from tax allowances that an ordinary buy-to-let property cannot, including full tax […]
LEADERSHIP PROGRAMME SUCCESS FOR CLIVE OWEN LLP COLLEAGUES
Three members of the Clive Owen LLP team in Darlington and Middlesbrough have successfully completed a leadership development programme through the prestigious Leadership Management International (LMI). Mike Boynton, assistant tax manager completed the qualification alongside Louise Keetley and Helen Robinson, who work as part of the Managed Services Department. After seeing year-on-year growth, the chartered […]