More than half of high net worths (HNWs) (55%) feel that the UK is not supportive of wealth creation or creators, according to a survey conducted by Wealth Club.Some 42% of...
1 August 2024Payment of corporation tax liabilities for periods ended 31 October 2023 if not liable to pay by instalments.Outstanding 2022-23 self-assessment tax returns now...
Taxpayers who made voluntary National Insurance class 2 contributions in their 2022-23 self-assessment returns may have found that, due to a glitch in HMRC’s systems the...
The total number of company car users in 2022-23 was 760,000, up 40,000 from the previous year – the first rise since 2015-16, according to government statistics. However,...
Two thirds of UK tax professionals have already embraced artificial intelligence, according to a new report How generative AI is transforming tax practice from Tolley (publisher of...
In 2024-25 there will be an estimated 37.4 million income taxpayers, up 4.4 million from when thresholds were frozen in 2021-22, according to HMRC statistics. This includes 8.5...
Anti-money launderingHMRC has updated its list of businesses that have not met their obligations under the 2017 regulations.tinyurl.com/hmrcamllistDomicileThe CIOT has released its...
After seasonal adjustment, the number of registered company insolvencies in England and Wales in May 2024 was 2,006, 6% lower than in April 2024 (2,144) and 21% lower than the same...
The proposed introduction of a UK carbon border adjustment mechanism (CBAM) received a cautious welcome from the ATT, the CIOT and the ICAEW.The Treasury and HMRC consultation...
Disclosure of untaxed offshore assets rose by 146% to 5,427 in 2022-23, according to Lubbock Fine.This is the number of taxpayers who used HMRC’s worldwide disclosure...
The UK tax gap for 2022-23 was estimated to be £39.8bn or 4.8% of theoretical tax liabilities which were £823.8bn, according to HMRC data.HMRC states that there has...
Pensions
HMRC has published its pension schemes services newsletter for June.
tinyurl.com/hmrcpsprnljune
Overseas pensions
HMRC has updated the list of schemes that meet the...