Inaccurate Self-Assessment Tax Returns Leaves Property Owner with £100k Penalties
Property owner Sunday Salokun faces substantial tax and penalty payments following a Capital Gains Tax case, highlighting the repercussions of inaccurate self-assessment tax returns and undisclosed property disposals. The case emphasizes the importance of compliance with tax regulations and seeking...
UK Government Contemplates Inheritance Tax Reform
The UK government is deliberating a potential reduction in the inheritance tax (IHT) before the upcoming general election, despite expectations of generating approximately £7.2 billion in revenue during the fiscal year 2023/24. This prospective policy adjustment is just one of...
Unveiling the 2023 Corporation Tax Statistics Commentary
Learn summary of the 2023 Corporation Tax statistics commentary, which provides a detailed analysis of the receipts and liabilities arising from various Corporation Taxes in the UK.
Urgent Surge: UK’s Tax and NIC Receipts Soar in April-August 2023
Learn UK’s financial statistics for April 2023 to August 2023, showing remarkable growth in key tax categories.
Four Benefits of Selling Shares in Your Buy-to-Let Property Company
Unlock the perks of selling shares in your buy-to-let property firm—maximize profits and flexibility in your investment strategy.
Buy-to-Let Landlords Incorporate in Response to Market Challenges
Learn how the tax environment and market conditions have become less favourable for buy-to-let landlords in the UK, and how some of them have opted to incorporate their properties into limited companies to improve their tax efficiency.
