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Wimbledon home renters warned about tax liability
As hundreds of homeowners rent out their rooms and houses during the Wimbledon tennis championships for up to £15,000 a week, it is...
Sara White
Sep 28, 20234 min read
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Bringing order to chaos – entity simplification
Complex corporate structures should be simplified to reduce costs, mitigate risks and remove superfluous legal entities. Eddie Bines,...
Eddie Bines
Sep 27, 20234 min read
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Complex scams on the rise warns Financial Ombudsman Service
More than 21,900 fraud and scam complaints were received by the Financial Ombudsman Service last year, with the majority being related to...
Max Austin
Sep 26, 20233 min read
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Indirect demerger of a trade – part 1
Paul Davies, FCA, senior tax writer at Croner-i, considers the tax considerations when separating a company’s trading activities in a...
Paul Davies
Sep 23, 20237 min read
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AI adoption could see £31bn boost to UK economy
The UK economy could receive a £31bn boost from the adoption of generative AI, with some sectors seeing more of an impact than others,...
Max Austin
Sep 22, 20232 min read
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Over 180,000 low earners caught by HMRC fines
HMRC fined more than 180,000 low earners for not filing their self-assessment returns on time, despite many not even earning enough to...
Max Austin
Sep 21, 20232 min read
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Inflation stays stuck at 8.7%
The current rate of inflation has seen no change at 8.7% in May, the same rate it was in April, despite expectations of a fall Max...
Max Austin
Sep 20, 20232 min read
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Top 10 tips: inheritance tax planning
As annual inheritance tax receipts exceed £6bn a year, it is essential to follow some basic tax planning to protect your estate. Stevie...
Stevie Heafford
Sep 19, 20233 min read
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Diverted profits tax may merge with corporation tax
The government is considering tightening the rules to make it more difficult for multinationals to avoid paying the diverted profits tax...
Sara White
Sep 16, 20232 min read
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HMRC issues 18k penalties over careless errors
Careless mistakes made on tax returns resulted in penalties for 18,641 taxpayers last year while 1,025 fines were issued for deliberate...
Sara White
Sep 15, 20232 min read
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Making Tax Digital too complex for first pilot, says HMRC
The head of HMRC told MPs that it had underestimated the complexity of Making Tax Digital (MTD), which had caused eight years of delay...
Max Austin
Sep 14, 20234 min read
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Autumn Statement set for 22 November
The Chancellor has confirmed that the Autumn Statement is scheduled for 22 November 2023 Sara White, Editor, Accountancy Daily This will...
Sara White
Sep 13, 20231 min read
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ULEZ fees tax deductible for sole traders
Sole traders and self employed will be able to claim tax relief on ULEZ charges when they submit annual tax returns for business related...
Sara White
Sep 12, 20232 min read
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Business confidence reduces recession risk
More than half of medium sized businesses are confident about future growth and are performing well, defying inflationary pressures,...
Sara White
Sep 9, 20232 min read
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Lack of tax-efficient investment advice for taxpayers
Despite frozen tax thresholds and more taxpayers paying higher rate tax, only 40% of advisers offer specialist advice on tax-effective...
Sara White
Sep 8, 20233 min read
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What does the future hold for R&D tax relief?
Plans for an overhaul of research and development tax reliefs need to be finetuned to ensure a merged system is effective, warns Nigel...
Nigel Holmes
Sep 7, 20234 min read
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Property sales drop 16% in a year risking tax take
Residential property sales fell sharply in the past year as months of interest rate rises squeezed first time buyers out of the market...
Sara White
Sep 6, 20232 min read
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Filing deadlines: September 2023
Our handy guide to tax filing deadlines for VAT returns for quarter ended 31 July 2023 and corporation tax return for year ends of 30...
Croner-i
Sep 5, 20231 min read
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Post Office Horizon compensation not taxable
Postmasters caught up in the Horizon accounting scandal are to be paid millions of pounds in additional compensation to offset tax bills...
Sara White
Aug 25, 20232 min read
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HMRC expands use of COP9 tax investigations
HMRC plans to ramp up the use of Code of Practice 9 - COP9 – powers and has clarified the rules on how taxpayers can report fraud where...
Sara White
Aug 24, 20232 min read
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