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 | Jan 8, 2024
Misunderstandings and confusing media coverage last week have created uncertainty about how transactions made via online platforms such as Vinted, Ebay and Airbnb should be taxed. Given TaxWatch has long campaigned on issues of tax compliance and administration, we...
by Claire Aston | Nov 22, 2023
Amongst the theatrical showmanship that characterises UK fiscal events TaxWatch pulls out a few of the more interesting announcements made in today’s Autumn Statement. ‘Full expensing’ made permanent – 100% Corporation Tax (CT) relief for plant and machinery...
by Sarah Walton | Aug 9, 2023
The tax treatment of furnished holiday properties appears inappropriately generous and could encourage owners to lock away much needed housing stock to save thousands of pounds in income and capital gains taxes. The regime, dating back to the 1980s is in desperate...
by Alex Dunnagan | Nov 14, 2022
Taxpayer Protection Taskforce set to wrap up despite collecting less than 25% lost to fraud and error in the Coronavirus relief schemes. HMRC estimates that at least £3.3bn in fraud and error will be outstanding at the end of the financial year when the taskforce...
