The gig economy probably existed before William Pitt introduced Income Tax in 1798 and gradually evolved from musicians travelling around doing gigs to the present day enigma termed ‘the gig economy’. Now with The Revenue’s spyware and a record number of snitches around, even the rich singers and comedians who sometimes fit in a private party or a 30 minute “cash” appearance …
If you have been renting out or have sold residential property in recent years and have not declared the income or capital gains to the taxman, there is an amnesty being run by HMRC.
Many employees of publicly listed companies are given the option of obtaining shares in the company through a Share Incentive Plan (SIP).
Even for a so called expert, filling out a tax return can be a confusing enough process, but the one section that often has everyone flummoxed is the capital allowances. Here are some simple pointers to explain the reason and process for claiming capital allowances.
The CBI has stated that the government could do better to maintain solidity within the taxation structure by allowing current tax rules to remain in place for far longer.
Extra Statutory Concession A19 has been making headlines lately after HMRC recently campaigned to end ESC A19 altogether.