Thanks to revelations regarding Chancellor Sunak’s wife, headline’s about her ‘non dom’ status are everywhere. But what does this actually mean and why are people angry about it? Non domiciled for tax purposes ‘Non dom’ [...]
Last year, the City watchdog estimated that there are 2.3 million crypto investors in the UK. HMRC has recently sent “educational” letters to only 8,329 of them - warning of their potential capital gains tax [...]
When is a flapjack not a flapjack? Unfortunately for Tim Davies, HMRC are pondering this very question in relation to his new DuelFuel products. And it could cost him his whole business. What is HMRC’s [...]
HMRC lose another battle with a high profile taxpayer over the IR35 rule. And this time it took two tribunals and seven years to defeat allegations of tax avoidance. What’s the story? This particular story [...]
The Times published its annual Top 50 Tax List this month. So…who did pay the highest UK tax bill in the last tax year? Top Ten UK Taxpayers Overall, the top 50 taxpayers’ combined total [...]
Netflix paid a £4m UK Corporation Tax bill in 2020. Sounds enormous, doesn’t it? But some people are questioning if its proportional to their UK earnings. How much does Netflix make in the UK? The [...]
From 25th November, you must tell HMRC about any changes to your working hours. If you don’t, you’ll have to give back any Working Tax Credit overpayments you receive and you might get a fine. [...]
PayPal’s UK customers can now buy, hold and sell cryptocurrencies through their PayPal account. Britain’s the first country outside of America where they've enabled this feature of the online payment system. Details of the new [...]
Both the Chancellor and Prime Minister discussed the Conservative Party’s economic policies at their Party Conference in Manchester. To a mixed reception from other conservatives and the business world. Chancellor Rishi Sunak During Chancellor Sunak’s [...]
‘Tax conditionality’ is a new HMRC policy being brought in as part of their strategy to tackle tax avoidance in the hidden economy. It means that renewing some mandatory operating licences will be conditional on [...]
