Andrew Penman answers a reader's query on tax on a retiring partner.
HMRC is consulting on a proposed statutory power allowing the department to withdraw a notice to file a self assessment tax return and to cancel any penalty for failure to make such a return.
HMRC has invited comments on proposed changes to the tax rules for unauthorised unit trusts and their investors. The stated aim is to simplify the rules and reduce administrative burdens while removing avoidance opportunities.
The Income Tax (Entertainers and Sportsmen) (Amendment) Regulations, SI 2012/1359, raise the threshold above which withholding tax obligations apply to payments made to non-UK resident entertainers and sportspeople fr
The Income Tax (Limits for Enterprise Management Incentives) Order, SI 2012/1360, increases the maximum total value of shares in respect of which qualifying Enterprise Management Incentives share options may be granted to an
The ‘high income child benefit charge’ included in the current Finance Bill is ‘seriously flawed in principle and in practice’, the ICAEW Tax Faculty has warned.
Extra support for people who need to contact HMRC following a bereavement represents a positive step towards an improved service for bereaved taxpayers, according to the CIOT’s Low Incomes Tax Reform Group.
The Finance Act 2004, Section 180(5) (Modification) Regulations, SI 2012/1258, prevent pension schemes established under Pensions Act 2008 s 67 from becoming liable to income tax charges solely by reason of buying shares in sp
Chris Bates and Judy Harrison review the decision of the First-tier Tribunal in Eclipse 35 in which it was held that a film leasing partnership was not trading.