by Claire Aston | Mar 14, 2024
Budget provided extra £500m in tax relief for TV and film industry New rules create more compliance risks Questions around the schemes’ value for money At TaxWatch, we’ve often written on issues which arise from the granting of generous tax reliefs to particular...
by Claire Aston | Mar 14, 2024
TaxWatch notes with interest the launch of a Government consultation to strengthen regulations in the tax advice sector, with an alarming 25% of tax liabilities being non-compliant for businesses within self-assessment. Given the 30-month hiatus since the outcome of...
by Claire Aston | Mar 6, 2024
Responding to today’s Spring Budget 2024, the TaxWatch team focuses its thoughts on a few areas it found particularly interesting, from a tax compliance and administration standpoint. Furnished Holiday Lettings (FHL) As speculated in recent days, the Chancellor...
by Claire Aston | Mar 5, 2024
We note the recent speculation that the Chancellor is planning to abolish the furnished holiday let (FHL) tax benefits in tomorrow’s Budget statement. TaxWatch raised issues around this regime last year, pointing out how much income and capital gains tax could be...
by Claire Aston | Feb 28, 2024
40% reduction in civil servants defined as ‘tax professionals’ from 2016 to 2023 The overall HMRC workforce has shrunk since 2010, despite the challenges of the department’s workload increasing as the tax regime has become more complex Salaries paid to senior HMRC...
