UHY Ross Brooke Chartered Accountants
Although we live in times of great uncertainty, we can be certain that HMRC will continue to explore new methods of catching up with individuals who have outstanding tax liabilities, says the firm’s Tax Manager Tom Annat. HMRC’s ‘super computer’ combined with cross border information-sharing agreements has meant that HMRC
HM Treasury issued, just before Christmas, a long-awaited response to an Independent Review (“the Review”) of the Disguised Remuneration Loan Charge, with a withdrawal from its previous hard line of application. The Review, commissioned by the Chancellor and undertaken by Sir Amyas Morse, runs to a published Report of no
The world of blockchain and cryptoassets is developing at a fast pace and it is no wonder that the rules for the taxation of cryptoassets is only just developing with currently very little or no case law to turn to for guidance. Recently HMRC have updated their guidance on the
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Since its introduction in 1999 IR35 has been a cause of major confusion. The rules are difficult to understand and difficult to enforce. According to HMRC they estimate the cost of non-compliance to be in the region of £1bn per year Since 1999 the responsibility for deciding whether a contract
“With Brexit looming ever closer it is important that businesses that trade with EU member states prepare now as it is increasingly likely that we will leave the European Union without a deal on the 31 October” explains Maddy Weeks a Manager in our Newbury office. “In preparation of a
The Treasury have been concerned for some time about the loss of VAT to the Exchequer in the construction industry and in particular in relation to missing trader fraud. As a consequence a new set of VAT rules will apply from a now delayed start of 1 October 2020 to
For many years, residential buy-to-lets were seen as a very tax efficient investment opportunity and we were regularly approached by new clients anxious to get in on the act for tax advice. Potentially low rates of capital gains tax on sale along with some very generous exemptions and potentially full
HMRC has lost a recent case in respect of how it calculates the tax due on life assurance gains- the profits accrued over many years of owning a life assurance investment policy, which is later encashed. It was always understood, by tax advisers and financial advisers alike, that a relief,
The introduction of the ‘deemed domicile’ rules in April 2017 brought about a number of changes for the tax position of long-term UK residents who were previously considered UK resident but not-domiciled (UKRND’s). The change has meant that individuals’ resident in the UK for at least 15 out of the