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:
- what to do if ...
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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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