Former SAS: Who Dares Wins star Ant Middleton banned after failing to pay £1m tax bill March 24, 2025 Former SAS: Who Dares Wins chief instructor Ant Middleton has been banned from being a director of a company after his business failed to pay more than £1m in tax. The television personality was the director of Sway and Starting Limited along with his wife, Emilie Middleton. The business, which was described as offering media [...]
Inheritance tax receipts reach record high March 21, 2025 Inheritance tax receipts totalled £7.6bn in the last 11 months, a record high and surpassing last year’s full-year total of £7.5bn. Data from HMRC revealed today that the amount paid in tax was an 11.8 per cent increase from the same period last year. “It may only affect a small percentage of estates, but that [...]
Former Liverpool player loses £300,000 IR35 tax appeal March 18, 2025 Former Liverpool player and pundit Phil Thompson owes the tax agency nearly £300,000 after losing an appeal due to IR35
How to avoid the 60 per cent income tax trap March 10, 2025 As more taxpayers have part of their earnings taxed at an effective rate of 60 per cent, financial advisers are working to help clients avoid the so-called income ‘tax trap’. A freedom of information request submitted by Bowmore Financial Planning to HM Revenue & Customs revealed that in 2023-24, 634,000 taxpayers earning between £100,000 and [...]
Treasury to shelve plans for VAT on funds March 7, 2025 Ministers are looking to block a proposal from HM Revenue & Customs (HMRC) to apply VAT to investment funds following warnings from City bosses. According to a report in the Financial Times, the customs body had been trying to end the carve-out that allowed third-party fund management operations to be free from the 20 per [...]
Did IR35 really generate £4.2bn in extra taxes? March 3, 2025 A report on IR35 revealed that £4.2bn was generated in extra tax since the reforms, but experts have warned that the impact "has been continually downplayed"
Chelsea: Stamford Bridge to get Wetherspoons as MPs call for Abramovich raid February 27, 2025 Chelsea fans may be protesting about the price of tickets at Stamford Bridge but they’re set to see a cut in the price of a pint with JD Wetherspoon to open a boozer in the summer. Walham Green has been given a summer opening date and will sit on Fulham Road, just around the corner [...]
HMRC launches fresh tax crackdown on ‘side-hustlers’ selling online February 26, 2025 HMRC has launched a fresh crackdown on online sellers with a side-hustle who don’t report their income to the Treasury. The ‘One to Many’ letter campaign will ‘nudge’ individuals suspected of operating in the hidden economy. It will be based on data HMRC has received from online marketplaces. The campaign is intended to prompt sellers [...]
Entain on a ‘losing streak’ as gambling giant battles legal problems February 26, 2025 Entain share price has fallen by over 20 per cent over the last year as the listed group's legal problems continue to cause a headache
Government backtracks on tax hike for private equity firms February 18, 2025 The government has reversed a decision to hike taxes on private equity firms by ditching changes to the tax treatment of members at limited liability partnerships (LLPs). The new guidelines, which were released last year, targeted salaried members on what tax contribution they pay, which affected the partner compensation at most firms. Before the new changes, members [...]