tax advice

The Autumn Statement in December 2014 included a surprise amendment to the rules affecting how goodwill is treated on the incorporation of a trading business.

The case of Harold Leslie Amah v HMRC examined whether the taxpayer could carry forward a trading losses where there was a change in the underlying profession/business being carried on.

Pensions Flexibility

The case of Eugene Blaney v HMRC illustrates the use of the ‘badges of trade’ approach in determining whether or not activities amounted to a trade for the purpose of claiming relief for Capital Ga

Here is a brief note of some of the changes announced by the Treasury on 3 December 2014 and a reminder of some other things that will come into force on 5 April 2014.

Controversial plans to give HM Revenue & Custom the power to raid bank accounts to recover unpaid tax directly have been revised by the Treasury, granting the taxpayer with a longer appeal time

From 1 December 2014, the rules for General Betting Duty, Pool Betting Duty and Remote Gaming Duty will change, requiring gambling operators to pay duty on betting, pool betting and remote gaming a

The Autumn Statement for 2014 will be given by George Osborne on 3 December 2014.

Currently where a person owes tax of up to £3,000, the tax may be coded out through the taxpayers PAYE code.

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