Tim Davie, the Director General at the BBC, and his team found themselves under the intense scrutiny of the Public Accounts Committee (PAC) yesterday regarding the corporation’s implementation efforts across the UK. Among the topics discussed during the session, the issue of IR35, particularly pertinent in light of the recent Atholl House case, took centre […]
Almost one third of UK business owners plan to sell their businesses to help fund their retirement, according to new research. Business owners across the country have been fighting rising costs from energy bills to higher living wages and it seems for many, now is the time to contemplate retirement. However, planning for retirement and […]
Breadcrumb Trail Links Finance Posted distributable earnings of US$586 million in the fourth quarter Author of the article: Bloomberg News Layan Odeh Published Feb 07, 2024 • 2 minute read Join the conversation The Brookfield Asset Management logo. The company raised its quarterly dividend after beating profit expectations. Photo by Gabby Jones/Bloomberg Article content Brookfield […]
Kaye Adams appears to have finally won a ten-year battle with HM Revenue & Customs after the tax authority said it had decided not to appeal after her latest court win. The ITV presenter has been arguing her case that she is self-employed in the face of clampdown over so-called IR35 rules. Last year she […]
Figures released by HMRC today show that the Treasury raked in £5.7 billion in inheritance tax receipts in the nine months from April to December 2023. This is £400 million more than in the same period a year earlier, continuing the upward trend. One in every 25 estates pay inheritance tax, although the proportion of […]
HMRC aren’t known for their Christmas spirit, but there is one area where some taxpayers can benefit from a little cashflow bonus if they act now. Stefanie Tremain, from eading tax and advisory firm Blick Rothenberg, said: “Most people are aware that the normal filing deadline for a Self-Assessment tax return (and to make any […]
From the 13th of November, businesses will need to complete their VAT registration online as part of HMRC’s Making Tax Digital (MTD) strategy. With only one week to go until the changes come into effect, Mariana Príncipe, Head of VAT Compliance at Ryan, outlines the benefits and gives advice for firms registering online for the […]
Taxpayers need to be honest with the Revenue as soon as their affairs are challenged and not call HMRC’s bluff; otherwise, they will end up in the position that Bernie Ecclestone finds himself, say leading tax and advisory firm Blick Rothenberg. Bernie Ecclestone, the former boss of Formula 1 Racing, pleaded guilty to tax evasion […]
Rent out your home on Airbnb? Drive for Uber? Freelance on Fiverr? From January, these platforms will record your income and soon report it to HMRC… The growing number of gig workers, people with side hustles and those earning money from the likes of Airbnb, Upwork, Uber, Deliveroo and Etsy have been urged to ensure […]
Thousands more nudge letters being sent out by HMRC are causing needless worry to UK taxpayers, and are unnecessary. Robert Salter, an international tax expert at tax and advisory firm, Blick Rothenberg, said: “HMRC have sharply increased the number of ‘nudge letters’ sent to UK taxpayers in the 2022/23 UK tax year, because of international […]