We are sometimes contacted by unrepresented taxpayers who want to give away their house or other assets during their lifetime – perhaps because they are worried about inheritance tax or care fees in later life. This article looks at some issues to consider if you are thinking of doing this, includin...
The tax credit renewal deadline is fast approaching. If you claimed tax credits during 2022/23 and have received renewal forms from HMRC, you need to act by 31 July to make sure HMRC renew your tax credits and your payments can carry on. ...
Every year HMRC send out ‘simple assessment’ tax calculations to some people with straightforward tax affairs who have not paid enough income tax. Any tax shown as payable by a simple assessment is due for payment by 31 January following the end of the tax year to which it relates. HMRC hav...
If you have income from working for an employer based in Ukraine, while you are living in the UK, it can be very complex to understand where and how you should pay tax. With only minimal guidance available on GOV.UK and lots of misinformation circulating online, here is an explanation of the rules. ...
We are now inviting applications for the first Robin Williamson Grant. This year, a grant of £2,000 will be offered to fund research in relation to tax and the gig economy. We welcome applications from anyone with a strong interest in tax (for example someone who is studying tax or a related subject...
From April 2024 some self-employed individuals (sole traders) and partnerships will be taxed on profits calculated over a different time period to their accounting year. This is because new ‘basis period reform’ rules are being introduced which mean all self-employment and partnership profits will b...