12 May 2022
What is a foreign tax credit? If you are working in a foreign country and pay income taxes abroad, then you are entitled to get relief in the UK against the UK tax on the same income. This should mean you pay the higher of the two tax liabilities, but not pay twice.
6 March 2022
The first step towards alignment of VAT penalty charges was due to take place from April 2022. The government has announced a nine-month delay. What does this mean for your business
6 February 2022
The very latest version of the Finance Bill, published on 11 January 2022, confirms that HMRC will be allowed to issue discovery assessments to collect tax where it believes a person has failed to report a liability. The HMRC “discovery” powers were updated in 2008 and the new proposed law closes a loophole exposed in a recent court case.
14 January 2022
The government has confirmed that the upcoming Finance Bill will include changes to discovery assessments. This will allow HMRC to recoup unpaid high income child benefit charges going back almost ten years.