The Super Deduction Tax Break was brought into action in April 2021 to help kickstart the economy post-Covid and provide businesses with an incentive to make additional investments in machinery and tools.
Gary Lineker’s lawyers have told a legal hearing that a tax inquiry into the footballer’s finances has been “looking in the wrong place”.
HMRC raked in £5.9 billion from inheritance figures from April to January 2023 according to figures released this morning.
A company which charged taxpayers significant sums to make claims for tax refunds has been stopped from operating.
Former professional rugby player and now rugby commentator Stuart Barnes wins his won his IR35 case of £695k in tax against HMRC.
Just a year ago, Washington DC’s Hirshhorn art museum – the capital’s preeminent contemporary art museum – was asking whether non-fungible tokens (NFTs) were “fad or the future of art”. Twelve months on, it looks like “tax write-off” might have been the right answer.
The chancellor is considering extending the government’s mortgage guarantee scheme, after UK bank bosses raised concerns over the state of the UK’s mortgage market at a high-level meeting at No 11 Downing Street.
Investors in Neil Woodford’s collapsed investment fund will receive another £20 million from its administrator but further payouts are likely to be hit by a downturn in market conditions.
Reforms to the off-payroll working rules, known as IR35, are to be scrapped from April 2023, the Treasury has announced.