Aug 29, 2024 | Business Tax
Wealth managers and tax experts say fears of a capital gains tax hike in the upcoming October Budget have triggered a surge in asset sales among business owners, property investors, and shareholders. This “frenzy” of activity comes as concerns mount that...
Jul 23, 2024 | Business Tax
HMRC has reminded employers to comply with workplace nursery tax rules to avoid exploiting the tax exemption. While most schemes meet the requirements, some operators falsely advertise HMRC approval without meeting partnership criteria. The tax exemption, introduced...
May 30, 2024 | Business Tax
HMRC is writing to taxpayers who made a provisional business asset roll-over relief (ROR) claim on asset sales in 2020/21 and haven't replaced it with a valid claim. The deadline for making a valid claim is 31 January 2025. If a valid claim isn't made by then, HMRC...
Dec 12, 2023 | Business Tax
In a recent announcement, HMRC revealed the immediate withdrawal of its clearance service for members' voluntary liquidation (MVL) cases. The latest insolvency guidance, issued on 6 December 2023, stated that HMRC will no longer provide pre- and post-tax clearances,...
Nov 6, 2023 | Business Tax
A recent survey conducted by the Association of Chartered Certified Accountants (ACCA) has shed light on the challenges faced by UK accountants when dealing with HMRC services. Over 90% of surveyed ACCA members expressed the urgent need for HMRC to improve its service...
