HMRC roasted by ‘mega’ marshmallows after Tax Tribunal dismisses appeal April 10, 2024 A London-based wholesaler of American sweets and treats, Innovative Bites, appealed after the HMRC decided that 'mega marshmallows' was confectionery and ought to have been standard rated.
Who are the tax experts advising Labour on boosting compliance and modernising HMRC? April 9, 2024 A panel of tax experts are set to advise Labour on a blueprint for boosting compliance and modernising the work of HM Revenue and Customs (HMRC), the party has announced.
JCB billionaire and Brexit champion Lord Bamford retires from House of Lords April 9, 2024 Lord Bamford, the billionaire executive chairman of JCB and major Brexit backer, has retired from the House of Lords.
Loss-making Dim T and Wildwood restaurants to close as owner Tasty bids to avoid collapse April 9, 2024 Tasty plc, the restaurant group behind the Dim T and Wildwood brands, is looking to close 20 of its sites and secure new funding in order to avoid collapsing.
Labour pledges to close £36bn tax gap via non-dom crackdown and bolstering HMRC April 8, 2024 Labour has pledged to close the £36bn tax gap via cracking down on the non-dom tax status loophole and bolstering HMRC’s compliance squads, if elected.
Under 30 and earning £1m? Here’s what you need to know April 1, 2024 The number of young millionaires is on the rise, so what risks and considerations should they be taking into account to protect their wealth? Caroline Russell has some wise words for high net worth Gen Zs The number of under-30s earning more than £1m a year has grown to a record high of 830 while [...]
Pair handed suspended prison sentences for ‘systematic’ £3m mortgage fraud March 28, 2024 Two men have received suspended prison sentences for making £3m worth of fraudulent mortgage applications following a prosecution brought by the Financial Conduct Authority (FCA).
UK property market shows steady signs of improvement as sales rise in February March 28, 2024 Green shoots continue to emerge in the property market as the number of house sales grows by a steady one per cent month-on-month in February.
Premiership rugby: Saracens make £5m loss and clubs to battle government? March 27, 2024 England’s top-flight Premiership rugby clubs are at loggerheads with the government over the repayment of loans worth over £150m from the Covid-19 pandemic. The first raft of repayments are due imminently, according to the Mail, and clubs are hoping to get repayment dates pushed back. The government is said to have provided low interest loans [...]
The UK’s biggest ISA pots revealed March 25, 2024 The UK’s biggest ISA pot is worth over £11.6m, according to new data from HMRC revealed in a Freedom of Information request.