Plans to change tax compliance rules for charities are moving forward, as the new Government picks up proposals for
reform to prevent misuse.

The previous Government had created proposals to prevent donors from obtaining a financial benefit from their contributions and stop wrongful use of charitable investment
rules.

The changes also included introducing sanctions for charities failing to meet their filing and payment obligations.

After a widespread consultation receiving responses from charities, law firms, businesses and other bodies, the new Government has announced it will move ahead with the plans,
though…

Tax rules for individuals and companies using alternative finance are to change. The Government released plans for reform on the day of
the Autumn Budget, with the aim of simplifying the tax treatment of alternative finance and, in particular, refinancing arrangements.

The objective of the policy is to “ensure a level playing field across conventional and alternative of finance,” the Government said.

In the policy paper, officials noted that these changes will ensure “where an existing asset is used as a means to raise finance using alternative finance, the tax…

As Budget day inches ever closer, one of the leading topics at the heart of speculation continues
to dominate the headlines. Namely, Capital Gains Tax (CGT).

With many tax rises ruled out by Labour (Income Tax, NI, VAT) since the General Election campaign began, and since confirmed by the new Chancellor, there
have been few areas left that could be tinkered with whilst raising the kind of cash that the Treasury purportedly needs to raise.

We’ve heard the £22bn so-called blackhole in the public finances referenced by Ministers many times…

Anyone who earned between £100,000 and £150,000 in the 2022-23 tax year should have received a letter from HMRC
regarding changes to the requirements to fill out a Self-Assessment Tax Return for 2023-24.

Those with income within this range and who are purely paid through PAYE have been required to submit a tax return up until now. But the threshold is rising to £150,000
for 2023-24, as HMRC officials are highlighting to taxpayers in recent weeks.

So, now those with income between £100,000 and £150,000 will not have to complete…

Many businesses across the UK have peaks and troughs in their trade, depending on the season. And some,
as a result, have to take on more helping hands to cover the workload just during that particular spell.

Businesses in this position have been reminded by HM Revenue and Customs not to forget about the matter of workplace pensions for temporary staff they’re hiring.
Particularly because it could lead to financial penalties if they don’t comply correctly and in time.

In an online notice, HMRC told employers hiring staff for a…