The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure

New income tax statistics from HMRC appear to be good news, but the numbers are not what they seem.

Draft legislation has been published to restrict the geographical scope of agricultural and woodlands relief to property in the UK.

The tax gap is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid.

The normal time limit to fill gaps in a national insurance (NI) record is six years, but arrangements allow gaps to be filled back to 06/07.

Frozen inheritance tax (IHT) nil rate band and considerably higher property values has pushed more estates into the IHT net

PAYE taxpayers are generally exempt from completing a self-assessment tax return but the exemption bracket has risen to £150,000.

If you are self-employed, until 2023/24, you have normally been taxed on the profits made in the accounting year that ends in the tax year

Given this low demand, HMRC is reviewing the current paper filing service as less than 3% do so using a paper return.

New measures affecting pension allowances announced in the March Budget could mean your retirement planning strategy needs to be reviewed. 

It’s paramount that directors and employees check tax codes sent for the 2023/24 tax year as a large proportion of codes will be incorrect

The eligibility for some bereavement payments has now been extended to unmarried couples, but there are two major caveats.