General-taxation

Ever since the Parliament Act 1911 which ended the House of Lords’ ability to amend or block fiscal legislation, finance bills and raising taxes have been the exclusive preserve of the House of... Read more

Following two consultations, the draft legislation to amend IR35 was released on 11 July. In the second of two articles, Kye Burchmore of RIFT Legal Services looks at how these rules will apply in... Read more

Following two consultations, the draft legislation to amend IR35 was released on 11 July. Kye Burchmore of RIFT Legal Services looks at the implications of this new legislation and who will be... Read more

There is a feeling amongst many practitioners and taxpayers that IHT is too complicated to properly understand and administer. Read more

Most individual buy-to-let UK residential property owners will probably assume that the straightforward purchase and subsequent sale of buy-to-let residential property is a capital transaction,... Read more

In May, the Office of Tax Simplification (OTS) published its report Simplifying everyday tax for smaller businesses, the second of two reports requested by the Chancellor of the Exchequer to... Read more

Making Tax Digital (MTD) update(s) HMRC updated guidance on keeping digital records for MTD for VAT HMRC has issued new guidance on what it deems legally necessary for compliance with the new... Read more

When an individual surrenders part of a life policy, a chargeable gain is triggered equal to the surrender proceeds less 5% of the premium for each year that the policy has been held. This method... Read more

The days before the end of the tax year are a good time for advisers to ensure that their clients have claimed all tax reliefs and allowances to which they are entitled, before another year falls... Read more

Spring Statement – 13 March The Chancellor has announced that the Spring Statement will be on Wednesday 13 March. Read more