Partial exemption and ability to adjust for COVID-19
Kamlesh Chauhan, VAT Director, discusses partial exemption and how you have the ability to adjust it for COVID-19.
IPSX – A new way to invest in real estate
Getting tough on share sales – latest HMRC action incoming
The Chartered Institute of Taxation (CIOT) have published details of an HMRC briefing stating that they have undertaken a project reviewing declared proceeds from share sales in 2019/20 Self-Assessment tax returns, against the values declared by purchasing companies. This is seen as an area of tax risk by HMRC, and they have the information available […]
FCA proposes stronger requirements on oversight of the Appointed Representative regime
Gary Allan, Compliance Consultant at ComplyCraft Consulting Ltd, discusses how FCA proposes stronger requirements on oversight of the Appointed Representative regime.
HMRC penalties for inaccuracies in returns
Penalties are often charged when a tax liability is established by HMRC, regardless if it is during the course of an enquiry, via a formal assessment or when a disclosure is made. Although the tax liability is usually definitive, the type and amount of any penalty is not so clear-cut.
Major Sporting Events (Income Tax Exemption) Regulations 2022 for summer
In the last week, HM Treasury has issued three Major Sporting Events (Income Tax Exemption) Regulations for this summer. We outline a brief overview below.