New research reveals a significant disconnect between awareness and understanding of HMRC’s Making Tax Digital (MTD) for income tax. While 91% of UK self assessment taxpayers…
Sir Jon Thompson is set to take on a pivotal role at Frasers Group.Previously CEO of HMRC, he joined Frasers as a non-executive director.Expected to become…
HMRC has announced a reduction in the interest rate for late tax payments to 7.25%. This aligns with the Bank of England’s adjustments. However, it has…
Kaye Adams, a prominent television presenter, has emerged victorious in a prolonged legal struggle against HMRC concerning her employment status under IR35 regulations. Her triumph comes…
Kaye Adams recently emerged victorious in a ten-year legal battle with HMRC, concerning a disputed £124,000 tax bill. This case, centred on HMRC’s interpretation of IR35…
Despite extended thresholds, over 20% of first-time buyers face Stamp Duty.Current threshold for tax exemption is set at £425,000, lowering to £300,000 by 2025.The average London…
The recent government decision on pensions and inheritance tax has stirred concerns.Pensions and death benefits will now fall under inheritance tax rules from 2027.Lane Clark &…
Kristo Käärmann, CEO of Wise, faces a £350,000 fine imposed by the FCA for not reporting significant tax issues.The regulatory body fined Käärmann for insufficient disclosure…
The Financial Conduct Authority (FCA) has fined Wise co-founder and CEO Kristo Käärmann £350,000 for breaching a conduct rule.The fine relates to Käärmann’s failure to disclose…
In a detailed financial revelation, HM Revenue & Customs (HMRC) has refunded £44 million to taxpayers in the third quarter of 2024 due to overtaxation on…
