As some of you may be aware, proposals for a GAAR have surfaced again and consultation has been on-going over the summer months. This seems to be a rite of passage for any incoming Government; Labour also flirted with the idea back in 1997/98 before...

For those of you who missed previous postings, the NDO and THP were programmes designed to encourage tax defaulters to rectify irregularities in their tax affairs. In exchange for coming forward and paying back taxes, HMRC offered to impose a reduced penalty of 10% instead...

The National Audit Office (NAO) published its annual report on HMRC’s performance at the end of July and it was far from glowing. The report contained a series of damning statements, painting a chaotic picture of constant under-performance and a heavily flawed system falling far...

As many Irish landlords will already know, if you’ve taken out a loan to buy or renovate a rental property, the interest on the loan can be deducted from the rental income. What many do not know however, is that if it’s a residential property,...

27th July saw the first step in implementing the new government’s promise of a simplified UK tax system. HMRC issued 7 consultations covering the following areas of tax: Pension Scheme Relief Taxation of Foreign Branches CFCs – the aim and scope of interim improvements Furnished...

HMRC has announced that the tax application deadlines for 04-05 and 05-06 have been extended . This is great news for workers who paid tax up to 6 years ago! Find out if you are due a UK tax refund using our online tax refund...