Savings, dividends and total income

Savings income and dividends are taxed at the recipients' highest tax rate. The relevant legislation in ITA07/S16 sets out the ...
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Tax treatment when transferring income streams

Special rules apply to transfers of income streams. The rules make it clear that the sale of an income stream ...
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Help to Save scheme

The Help to Save scheme can assist those on low incomes to boost their savings. The scheme was launched in ...
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Tax scheme promoter defeated

The First-Tier Tribunal (FTT) has recently published its decision in a long running case that focused on tax planning arrangements ...
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Residential property sales from April 2020

We have included updates in our newsfeed earlier this year that sales of residential property subject to Capital Gains Tax ...
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Coronavirus advice

Acas has published new guidance for employers and employees on the coronavirus. The guidance covers:

New advisory fuel rates published

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used ...
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Meaning of goodwill for CGT purposes

Goodwill is a subject we hear about often but interestingly is rarely mentioned in legislation. In fact, the term 'goodwill' ...
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VAT – the concept of business

The VAT system is policed by HMRC and there are penalties for breaches of the legislation. There are four conditions ...
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