As the government looks to generate extra revenue, could the reform of the IR35 process for public sector organisations, which has netted an extra £410m in tax revenue, lead to reform for private sector businesses? And what would this mean for contractors and the companies who use them?
Jay Desai, an assistant manager in our internal team, tells about about his highlights and challenges in his role so far at RSM.
HMRC provide a range of advice to help taxpayers navigate their tax returns, but a recent Office of Tax Simplification report raises some important issues around whether taxpayers can rely on HMRC guidance. Taxpayers need to know where they stand.
As Brexit negotiations continue to stall and rhetoric around leaving the EU without a deal increases, rumours abound that tax rates will be slashed in response. Alternatively, a ‘no deal’ scenario could also bring a change in government and with it the possibility of increased tax rates. So, what might a ‘No Deal Britain’ mean for individuals in these two polarised scenarios?
Every day, hotelier Stephen Leckie sees first hand, the changes in Scotland’s hospitality and tourism industry. As CEO of Crieff Hydro, one of Scotland’s most renowned hotels, he’s been immersed in the sector for over 30 years. He is also Chairman of the Scottish Tourism alliance - an industry body driving the plan and growth strategy for hospitality and tourism in Scotland. Here, he shares his thoughts on the current state of the industry, and what the future holds.
The extent to which HMRC can rely on computerised processes has been thrown into doubt by a tax tribunal. As we increasingly move into a digital tax environment, isn't it time for a fundamental review of the basic rules underlying the administration of the tax system?
It’s nearly a year since the last Budget when the Government published a position paper setting out its proposed approach for addressing the challenges posed by the digital economy on the tax system. But where has this got to and why does it matter?
Simon Hart, lead Brexit partner at RSM, considers the view on Brexit in the United States.
Data recently released by the BBC shows that people in their 20s who rent their property in 2/3 of Britain have to pay an 'unaffordable' amount in order to do so. Many continue living with parents or pay the higher rental costs in the market. But is there an alternative? And will the European focus on long-term rentals become the new aspiration?
This week Conservative think-tank Onward floated a new idea to tackle the housing crisis. The proposal is that if a private landlord sells a property to a tenant who has lived in it for more than three years there should be a 50 per cent relief from capital gains tax. The tax on the other 50 per cent should be passed to the purchasing tenant. Simple? Not really…