IN BRIEF

HMRC has been very keen to beef up in its use of criminal law to close the tax gap. For one particular population of users (or abusers) of the tax system namely promoters of tax avoidance the Spring Budget 2023 confirmed that the...

Everywhere was a crucial buzzword in Jeremy Hunts Budget speech, emphasising the governments commitment to generating economic growth across the UK rather than just in London. Some listeners might have wondered whether, in...

To avoid the UK capital allowances regime falling down league tables of international competitiveness after the expiry of the super-deduction at the end of March 2023, the chancellor announced two new capital allowances measures that will provide...

We have now seen the detail of the chancellor’s first Budget and the clear focus has been on getting those who can back to work – but will the changes help bridge the gap in the employment market?

The abolition of the lifetime tax allowanceThis is generally a welcome move and will mean that many people who would have been impacted by charges will now not have them applied. The lifetime allowance (LTA) isnt being abolished until 2024,...

When spouses or civil partners separate, for capital gains tax purposes the no gain/no loss treatment is only available in relation to any disposals up to the following 5 April. After that, transfers are treated as normal disposals for capital gains...

The chancellor might have a little bit of wriggle room, but not much.

Worth going to the Carnival?

There’s no softening in HMRC’s views.

A 60% penalty if you lose your appeal.