Latest News
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Taxpayer uses AI to argue against penalty
One taxpayer recently decided to use AI to generate a defence against an HMRC penalty. How did things turn out for her?
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Are camping pods “buildings” for capital allowances purposes?
The First-tier Tribunal (FTT) recently considered whether a number of camping pods could qualify for the annual investment allowance. As with many similar cases, the answer was “it depends”. What can you learn from it?
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Criteria for self-assessment are changing
Historically, you may have had to file a tax return if your income exceeded the point where the personal allowance starts to be tapered away. This has changed for 2023/24. However, the Autumn Statement also made a further change that will apply from 2024/25. What’s the full story?
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Latest advisory fuel rates published
The HMRC-approved amount that employers can reimburse staff for business travel in company cars changes from 1 December 2023. What are the new rates?
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Largest increase to the minimum wage announced
The government has announced substantial increases to the national living wage (NLW) and national minimum wage (NMW) rates from 1 April 2024, and a key change for workers aged 21 and 22. What are the new rates going to be and what is the key change?
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HMRC declares tax planning option for landlords ineffective
HMRC has issued a warning that the use of a limited liability partnership (LLP) with a corporate member to reduce taxes is an ineffective avoidance scheme. What are the details, and what should you do if you’re using one?