Latest News
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Rates and thresholds for 2024/25 confirmed
The tax and NI rates and thresholds, as well as the national living and minimum wage levels, applicable to earnings taxed under PAYE have been confirmed for the 2024/25 tax year. Are there any highlights you need to be aware of?
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Why proof of occupation is vital for PRR claims
The First-tier Tribunal (FTT) recently considered a case which highlights the importance of maintaining suitable evidence to back up a claim for tax relief. It didn’t end well for the taxpayer - what went wrong?
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Do you have undeclared dividend income?
If you're a shareholder, you may receive a letter suggesting you may have undeclared dividend income. Is this something to worry about?
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Over one million tax returns not filed on time
Statistics show that more than one million tax returns were not filed by midnight on 31 January 2024. What should you do if you’ve missed the deadline, and why should you double check your filing in any case?
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Ex-Liverpool star loses IR35 case
The First-tier Tribunal (FTT) has found in favour of HMRC regarding the application of IR35 rules to former Liverpool and England footballer Phil Thompson’s work for Sky. What’s the full story?
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Taxpayer successfully argues against “deliberate behaviour” penalty
When it comes to tax penalties, there is a behaviour-based scale that means you pay more for knowingly understating your tax bill than if you make a simple mistake. Unfortunately, HMRC is often over-zealous to apply a “deliberate” tag. Why is this a problem and how did one taxpayer successfully argue against it?
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