This publication looks at a number of topical personal tax issues, including changes to the tax free dividend allowance, Inheritance Tax, Making Tax Digital, and company cars.
Latest News & Events
Brand new taxes introduced since the recession hit taxpayers for £28 billion
The UK Government has taken an £27.9 billion from taxpayers since the credit crunch through the introduction of brand new taxes,* our research shows.
The eight brand new HMRC taxes and levies introduced since the credit crunch, such as the Sugar Tax and Diverted Profits Tax, added a quarter to the total number of taxes collected by HMRC. There are now 36 major taxes collected by HMRC.
Amount of income tax paid by higher rate taxpayers up 9% in just one year to £54.3bn
The amount of Income Tax paid by higher rate taxpayers (individuals earning £150k+) has increased 9% in just one year to £54.3bn, up from £50bn in 2016/17, our research shows.
Meanwhile, the amount of tax paid by individuals earning less than £150k has increased just 1% to £123.3bn, up from £122bn the year before.
HMRC spend on private sector debt collectors soars by 62% in just a year
HMRC have increased their spend on private sector debt collectors by 62% in the last year to £39m in 2017, up from £24m in 2016.
UK transfer pricing guide
This Guide will help you navigate the rules and ensure you can put defensive measures in place to protect yourself from the increasing likelihood of a fiscal audit or enquiry.
The pitfalls of Annual Tax on Enveloped Dwellings
The penalties range from £100 to £1,600 for a return not filed within one year of the due date, for both ‘in year’ and ‘annual’ ATED returns.
The death knell of IR35?
For as long as I can remember, the status of an individual for tax purposes is something that has been a hot topic, both for advisers in saving clients tax and NIC, and for HMRC in targeting such tax ‘avoidance’.