Latest News
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Non-dom reform missing from Finance Act
After announcing an early election, the government rushed to have the Finance Bill with the 2024 Spring Budget measures passed into law. However, one of the most notable of the reforms was missing. What's going on?
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Latest “one-to-many” campaign targets rollover relief claimants
HMRC’s “one-to-many” campaigns involve it sending “nudge” letters to specific groups of taxpayers that have been identified as meeting certain criteria. The latest campaign is aimed at those who claimed rollover relief for business assets in 2020/21. Why is this being looked at now, and what can you do if you're affected?
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No simple trading test for holiday let landlords
The furnished holiday lettings regime is due be abolished next year. HMRC has recently dismissed the introduction of a simple test to distinguish between property letting and trading. How might you be affected, and what does the announcement of a summer General Election mean for you?
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New interactive tool for transition period profit reporting published
If you are a sole trader, or a partner, reporting your profits could be more complicated this year due to the basis period reform. How can a new online tool help?
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Were capital losses deductible for income tax?
The First-tier Tribunal (FTT) recently considered if an individual was entitled to tax relief for losses when a company he invested in went bust. It ought to have been simple but a refinancing deal complicated matters. What did the FTT decide?
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Rogue refunds of Class 2 NI due to HMRC failure
HMRC has incorrectly refunded Class 2 NI to some self-employed taxpayers. What should you do if you get an unexpected payment?
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