Individuals and small businesses account for two-thirds of all the unpaid tax in the UK. With the tax gap rising to £35 billion, will prosecution or Making Tax Digital make a real difference in closing the shortfall?
With a significant rise in employment claims relating to worker status and worker pay, what is the tax treatment for these settlements? For most successful claimants, a tax bill will follow the award.
Described as the worst tax relief in the UK, entrepreneurs’ relief is an anachronism in a country which prides itself on ensuring that every tax relief is underpinned by a robust policy objective. Will it survive the Chancellor’s Budget on 11 March 2020?
If you leave your Self-Assessment tax return to the last-minute, take extra care you don’t miss any incomes or gains, or forget your PPI!
In the first instalment of blogs looking at issues facing the residential care sector, we look at profitability, ownership structures and value in distressed situations.
Not long to go until the new IR35/off-payroll rules come into force. Public sector and medium and large organisations as end users will feel it the most, but small entities may be impacted as fee payers. There is a lot to do and organisations need to start preparing now, if they haven’t already.
In October 2018, the Chancellor unexpectedly announced a brand-new capital allowance for structures and buildings, but most companies are only now starting to see its impact. Large retailers have now navigated the busy Christmas period and even busier January sales which will hopefully yield a much-needed profit boost. Will the new allowance provide a further uplift to reduce their tax bills?
The Scottish Government will set out its draft Budget plans on 6 February, more than a month ahead of the UK Budget. This raises two significant issues on the block grant and devolved taxes.
As the UK Government heralds the vital need for a post-Brexit trade deal with the USA, it finds itself under pressure from the USA on many fronts: the Iranian nuclear deal, contracts with 5G telecoms supplier Huawei, doubts as to whether the UK is a reliable military ally of the USA and the UK’s planned digital services tax, to name but four. What’s the issue with the digital services tax?