‘Bank of Mum and Dad’ feels the squeeze

Posted in Latest News on June 4, 2018

The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G). …

Read more

Vigilance urged as fraudsters fake security measures to access bank accounts

Posted in Latest News on June 4, 2018

Businesses and individuals are being encouraged to redouble their vigilance as fraudsters fake security measures in order to gain the information needed …

Read more

Ministers make an about-turn on tax haven transparency measures

Posted in Latest News on June 4, 2018

In a reverse of its previous position, the Government has backed measures to increase the transparency of offshore tax havens. The measures will compel …

Read more

Replace Inheritance Tax with ‘lifetime receipts tax’, argues thinktank

Posted in Latest News on June 4, 2018

With the issue of intergenerational fairness continuing to be high on the agenda, a thinktank has suggested that the Treasury returns to the drawing board …

Read more

Government Brexit redeployments to delay Making Tax Digital for Individuals

Posted in Latest News on June 4, 2018

A number of key projects at HM Revenue & Customs (HMRC) have been placed on hold to make staff available for Brexit issues, including Making Tax Digital …

Read more

Twice as many workers receiving back pay through National Minimum Wage enforcement

Posted in Latest News on June 4, 2018

According to HM Revenue & Customs (HMRC), the number of underpaid workers getting the money they are owed under the National Minimum Wage (NMW) legislation …

Read more

Employers attempting to avoid auto-enrolment penalties could have assets seized

Posted in Latest News on June 4, 2018

The Pensions Regulator (TPR) has announced that employers could have their businesses’ assets seized to pay their debts if they fail to pay workplace …

Read more

Gifts out of income and their benefits to beneficiaries

Posted in Latest News on June 4, 2018

Giving away surplus income as a gift to family members is often touted as an excellent way of planning for the future and as a way of reducing liabilities …

Read more

Less than 12 months to go for MTD Compliance – 1 April 2019

Posted in Latest News, MTD on May 16, 2018

Making Tax Digital – Will this affect you and your business? Is your business VAT registered with a turnover of £85,000 or above? If the answer is yes, …

Read more

270,000 late penalty notices cancelled by the Revenue

Posted in Latest News on May 2, 2018

A response to a freedom of information request has revealed that HM Revenue & Customs (HMRC) cancelled 270,000 late penalty notices in 2016. However, …

Read more