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UPDATE: HMRC Closes Secret Unit to Investigate Family Investment Companies

 

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Self-employed tax consultation: a welcome development?

HMRC have launched a new consultation proposing changes to the tax treatment of the self-employed which will, if introduced, aim to simplify the manner in which their income tax liabilities are ...

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TAP shortlisted for Boutique Tax Accountant of the Year by eprivateclient

Today it has been announced that TAP have been shortlisted in the category of Boutique Tax Accountancy firm of the year in the prestigious eprivateclient Excellence Awards. We are delighted with ...

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Autumn Budget Cancelled

It was announced yesterday evening (23 September 2020) that the Chancellor, Rishi Sunak has cancelled plans for a Budget this Autumn.

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Capital gains tax hikes and pension saving changes anticipated in Autumn Budget 2020

The date for the forthcoming Autumn Budget has not yet been set, but all signs are pointing towards tax increases being announced by the Chancellor in late October/early November.

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HMRC win case on in specie contributions to a SIPP

HMRC have won the latest stage on a long running case into the availability of tax relief for contributions made in specie to Self-Invested Personal Pension Schemes (SIPPs). The case will be of ...

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Coronavirus is a “reasonable excuse” for failing to meet tax obligations

HMRC has updated their guidance to include Coronavirus in the list what constitutes a “reasonable excuse” for failing to meet certain tax obligations. Such reasonable excuses can be used to appeal ...

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HMRC Secret Unit to Investigate Family Investment Companies

 

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IRS and HMRC targeting crypto investors

We are finding increasing number of clients are investing in cryptoassets and we are aware that for past tax years there has been little clarity as to how gains and losses on these investments ...

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Significant changes to taxation of gains on sale of UK property

Finance Bill 2019-20 confirms expected changes to Private Residence Relief and lettings relief

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