Tax Online Blog

For some time, HMRC have been lobbying to become preferred creditors on liquidation of a company. Under current rules, secured creditors are paid first and all unsecured creditors (HMRC included) are... Read more

In the last couple of months, many individuals have experienced financial loss, but most of them have been able to turn to the State for support in the form of the Job Retention Scheme and now also... Read more

Improve the way you run your practice and increase your profits through strategic planning.  How and why, you should hold your own strategy workshop The recent global events have been... Read more

Can a taxpayer require HMRC to do what it has said it will do, even if it is wrong or based on a mistaken view of the law? Read more

Over the last month HMRC have swiftly changed from a tax collection machine to a money distribution centre and they have carried this out admirably. Read more

The withdrawal of the married couple’s allowance from 2000/01, together with the uniform personal allowance for all individuals irrespective of marital status, has meant that married and cohabiting... Read more

A relatively common occurrence in family or owner-managed companies is the inadvertent payment of unlawful dividends. If a company’s dividend exceeds its distributable reserves, this will be an... Read more

The transfer of chargeable assets from an unincorporated business to a company is a disposal for CGT purposes. Read more

Under TMA 1970, s 29, HMRC can raise an assessment where it ‘discovers’ that: Read more

It only took a worldwide pandemic, but the government agreed on the 17 March 2020 to delay the forthcoming changes to IR35. Read more