Tax
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News Team on 04/04/2024
HMRC has failed to overturn a First-tier Tax Tribunal (FTT) judgment that two non-doms, Raj Sehgal and Sanjeev Mehan, should not be liable on the remittance basis in respect of payments made by an offshore company controlled by them to a third-party offshore company
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News Team on 02/04/2024
Parents wishing to gift money in a tax efficient way to their children or grandchildren may wish to consider the following steps before the end of the tax year on 5 April, accountancy and business advisory firm BDO has advised
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on 26/03/2024
Forsters' George Mitchell and John FitGerald rexamine the consequences of the recent updated guidance by HMRC on the Anson case
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News Team on 26/03/2024
The number of UK taxpayers under 30 with an annual income over £1 million has increased by eight percent from 770 in 2021/22 to a five-year high of 830 in 2022/23 (year end 5 April), according to new research by accountancy and business advisory firm Lubbock Fine
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News Team on 25/03/2024
A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HMRC
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News Team on 25/03/2024
The UK’s biggest ISA pot is worth more than £11.6 million, according to data released today
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News Team on 22/03/2024
HMRC has released figures showing that the HM Treasury raked in £6.8 billion in inheritance tax (IHT) receipts in the 11 months from April 2023 to February 2024. This is £400 million more than in the same period a year earlier
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News Team on 22/03/2024
Chairman Jim Jordan (R-OH) and Rep. Harriet Hageman (R-WY) sent a letter to treasury secretary Janet Yellen and attorney general Merrick Garland opening an inquiry into the Internal Revenue Service's (IRS) use of artificial intelligence (AI) to surveil Americans' financial information
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News Team on 21/03/2024
Changes to HMRC's helpline services are being halted while it "considers how best to help taxpayers harness online services"
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Will Sidery on 20/03/2024
Between April and September, the self assessment helpline will be closed and taxpayers will be directed to self-serve through online services, HMRC has announced
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