Can accommodation costs be deducted from a property owner’s rental income?
Implications of a gift of shares and share buy-back
People who decide to take advantage of the new pensions flexibility should considering the tax credit consequences, the Low Incomes Tax Reform Group has advised.
Those who withdraw money from their retirement pot from the age of 55 should consider more than just the effect on their income tax liability, according to the charity’s technical director, Robin Williamson
The planned devolution of tax powers to Scotland could result in a broad swathe of unintended complexities, including forcing many more taxpayers into self assessment, according to the Chartered Institute of Taxation (CIOT).
J Lobler v CRC, Upper Tribunal (Tax and Chancery Chamber)
Actors, National Insurance, incorporation and the impact of IR35
Parliament decided not to legislate for the proposed exemption to income tax for trivial benefits in kind.
The decision was made to enable the swift enactment of Finance (No 2) Bill, meaning the exemption will not come into force from 6 April as originally planned.
The measure would have exempted small benefits of up to £50 as long as they were not in recognition of services, part of a contractual obligation, or made in conjunction with a salary sacrifice arrangement.
Last-minute planning tips
Poole Leisure Ltd (TC4315)
Is a trust settlor interested, and how should income be declared and taxed?
The OTS’s latest recommendations for employment taxation
Employment experts have accused HMRC of misleading businesses about the operating cost of IR35.
Statistics released by the department yesterday suggest UK firms spend an annual total of £16m on administrating the controversial anti-avoidance measure, which is aimed at ensuring freelancers working through their own limited companies pay income tax and National Insurance at a levels similar to those of regular employees.