by Accounting Web | Feb 26, 2025 | Articles
HMRC has confirmed in the latest Agent Update that it will be writing to sole traders and landlords from April about Making Tax Digital for income tax (MTD IT). The letters will be targeting individuals with a total self employment and/or property income of over...
by Accounting Web | Feb 5, 2025 | Articles
HMRC’s recent consultation on changing the assessment period for offshore interest has generated renewed interest in the idea of moving the UK tax year from 5 April to 31 December. Readers may remember that the Office of Tax Simplification (OTS) published a report in...
by Accounting Web | Jan 22, 2025 | Articles
The public accounts committee (PAC) has raised concerns that HMRC has “sought to degrade its telephone service to drive taxpayers to digital channels”. The group of MPs don’t pull any punches in their assessment of HMRC’s performance throughout the report. In one of...
by Accounting Web | Dec 18, 2024 | Articles
Tom is AccountingWEB’s technology editor, providing independent news and analysis from the accounting tech universe.He started with AccountingWEB in the heady days of 2015, where he worked first as business editor and then as editorial lead. After two years as...
by Accounting Web | Sep 7, 2024 | Articles
Please can I ask for some guidance for how to deal with below situations. My client has leased a business premises from a landlord . To get the premises he had paid Key money of £15,000. Can we treat this as Goodwill? Can we deduct as expenses to claim Corporation...
