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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HMRC takes aim at side hustles
People with side hustles are the target of a HMRC press release reminding them of their potential tax obligations. Why has this been published now, and what are the key points to remember?
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Can sale with no goodwill charge still qualify as TOGC?
You are selling an unprofitable part of your business but the sale does not include any charge for goodwill due to trading losses. Can the sale still qualify as the transfer of a going concern and what conditions must you meet?
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VAT on electricity to be cut
The new Prime Minister has announced a cut to the rate of VAT on electricity from 1 October. What's the full story?
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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