HM Revenue & Customs (HMRC) has announced new rates of Stamp Duty Land Tax (SDLT) for non-residents from 1 April 2021. Continue reading
Category Archives: Tax News
Chancellor orders review into Capital Gains Tax system
The Chancellor, Rishi Sunak, has commissioned a report into the UK’s Capital Gains Tax (CGT) system, it has been announced. Continue reading
HMRC suffers defeat in an IR35 case
The presenter of television show Loose Women, Kaye Adams, has become the latest TV personality to win a case against HM Revenue & Customs (HMRC) over her employment status. Continue reading
Many businesses unaware of the criminal offences associated with tax evasion
Three-quarters of businesses are unaware of the corporate criminal offences relating to activity which is seen to facilitate tax evasion. Continue reading
Shakira to face tax fraud accusation in Spanish court
The Colombian singer, Shakira whose estimated wealth is £176 million, is being investigated on suspicion of committing six separate counts of tax fraud against the Spanish Treasury totalling more than £12.5 million (€14.5 million). Continue reading
Surplus in CGT receipts boosts UK Government’s finances
According to the latest figures released by Office for National Statistics, income from taxes surpassed public spending by £14.9 billion, which has resulted in the Government’s largest January surplus since records began in 1993. Continue reading
ICAEW reveal valentine’s tax benefits
It may not be the most romantic reason to propose but with valentine’s day just a few days away the ICAEW are highlighting the tax benefits of getting married or entering a civil partnership. Continue reading
ICAEW urging workers to not leave tax return until the last minute
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned self-employed workers not to leave their tax return “to the last minute”. Continue reading
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
Generational divide over potential tax increase in UK
A recent survey conducted by Populus shows there is a clear generational divide over the issue of whether to increase taxation to help fund the public sector, with under-45s being much less supportive than those aged over 45. Continue reading