The Government has written to more than 145,000 VAT-registered businesses across the UK, explaining the potential changes to customs, excise and VAT in the event that the UK leaves the EU without a deal. Continue reading
Category Archives: Accounting
Capital gains tax payment rules warning to residential property owners
The Association of Taxation Technicians (ATT) has issued a warning to residential property owners, about the need to carefully consider the timing of any sale or gift of their property in future. Continue reading
Unexpected UK inflation in September causes pound sterling to fall
In September, the UK inflation came in much weaker than expected, causing the pound sterling to fall dramatically. Continue reading
HMRC’s fraud investigation team collects £5.47 billion in extra tax
HM Revenue and Customs (HMRC) collected £5.47 billion in extra tax in 2018 through fraud investigations – approximately seven per cent more than the amount collected the previous year (£300 million). Continue reading
New HMRC rules may lead to ‘harsh’ tax penalties
Written warnings have been received by UK taxpayers, with HM Revenue & Customs (HMRC) intending to crack down on undeclared income. Continue reading
More than half of UK landlords are optimistic about outlook for buy to let market
A new survey has found that over half of landlords in the UK feel optimistic about the buy to let sector despite a raft of regulatory and tax changes introduced in recent years. Continue reading
Call to increase auto-enrolment pension contributions
MPs say that automatic pension enrolment is fundamental to funding a new era of retirement, which is becoming increasingly reliant on private rather than public savings. Continue reading