Date posted: 8th Mar 2024
In a significant development aimed at streamlining financial reporting for businesses, HM Revenue & Customs (HMRC) has announced a new basis of accounting for sole traders and partnerships.
Date posted: 13th Feb 2024
Disclaimer: Further guidance on the tax treatment of double cab pickups has been provided, HMRC have reversed the decision to change the rules from 1 July 2024. You…
Date posted: 13th Feb 2024
WHEN IS A VAN NOT A VAN? HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi vans…
Date posted: 12th Feb 2024
We understand that HMRC have issued a number of “nudge” letters aimed at those that may be undeclaring dividend income. These are sometimes known as “One to Many”…
Date posted: 12th Feb 2024
We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and in the future. AI…
Date posted: 12th Feb 2024
Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC after the end of the tax…
Date posted: 12th Feb 2024
Work may be undertaken on a property to repair it or to improve it and it will not always be clear where the dividing line falls. The distinction…
Date posted: 12th Feb 2024
Since April 2020, where capital gains tax (CGT) is payable on the disposal of a UK residential property, this must be paid (and declared) within a certain number…
Date posted: 12th Feb 2024
HMRC estimates that 1.1 million taxpayers missed the deadline for filing their 2022/23 tax return, on 31 January 2024. HMRC will now automatically issue those 1.1 million taxpayers…
Date posted: 22nd Jan 2024
By tax partner, Lee Watson There has been quite a lot of debate, over the past couple of weeks, about the accessing of information by HMRC from websites…
