The CIOT (Chartered Institute of Taxation) has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true.
HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the Organisation for Economic Co-operation and Development (OECD).
Many of us could be caught out by Inheritance Tax (IHT). Contrary to popular belief, you do not need to be mega-rich to owe HMRC a chunk of money when you die. I think most of us would prefer as much as possible to go to our loved ones, rather than HMRC.
HMRC has recently launched a consultation on how basis periods can be reformed for income tax for the self-employed.
Residential landlords taking advantage of rising prices to dispose of their property need to be aware of tax reporting rules
With house prices still soaring, and both increasing tax and regulation making the role ever harder, many residential landlords are seizing the opportunity of a strong market to sell one or more of their properties.
For the first time, taxpayers who reported one or more capital gains tax (CGT) property disposals under the 30-day rules which came in on 6 April 2020 are having to work out how this interacts with their Self-Assessment (SA) tax return. Sadly, it’s not as straightforward as you’d like to think!
More than 282,000 working families used a Tax-Free Childcare (TFC) account during March 2021, according to figures from HMRC.
HMRC has confirmed that almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs.