A world without tax accountants
Anecdotal evidence suggests that in the next 5 years the number of tax agents leaving practice will far exceed the number joining the profession
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Was a company buyback of EIS shares tax avoidance?
Two taxpayers used the “purchase of own shares” procedure to extract gains they’d made from enterprise investment scheme (EIS) shares. HMRC said this was unfair tax avoidance, the taxpayers disagreed. What did the Upper Tribunal decide?
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HMRC’s new compliance check service
HMRC has published a collection of videos and notes to help if you’re picked for a compliance check. Is HMRC’s new service worth a look or is it just official propaganda?
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Income sharing trouble for separated couple
After a couple separated one spouse received income from letting the property she jointly owned with her estranged spouse. HMRC taxed all the income on her. Was it right to do so or should her spouse have been taxed on half the income?
Anecdotal evidence suggests that in the next 5 years the number of tax agents leaving practice will far exceed the number joining the profession. Here are two possible reasons why:
- increasing regulation of the profession
- Making Tax Digital (MTD) for income tax self-assessment.
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