HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MORETaxpayer loses 120k expenses claim
A taxpayer who claimed self employment expenses of £120,000 against income of £5,000 has lost a First Tier Tribunal (FTT) appeal against HMRC’s refusal to allow the deductions.
Alistair Jordan challenged a closure notice for the 2013/14 tax year, which saw HMRC disallowing a professional fees and subscription claim of £19,128 and ‘value adding services’ self employment expenses of £120,000.
Read more at Accountancy Daily.
Previous
HMRC postpones north east office closures
Next
Sunak readies extreme measures to right economy
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE
With bitcoin hitting new highs, it’ll likely reach the US$100,000...
Cryptocurrencies are surging again. Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing...
READ MORE