HMRC is cracking down on landlords who use a popular tax avoidance loophole to cut costs. Buy-to-let investors risk being hit with penalties, interest charges and higher tax bills if they use a scheme ...
HMRC has issued guidance warning buy-to-let landlords against using limited liability partnership structures to avoid mortgage interest relief restrictions and reduce tax bills. The authority says ...
Landlords who restructure businesses into limited liability partnerships (LLPs), rather than buying properties in their own ...
HMRC is launching a new “reward” scheme for people who report tax avoidance or evasion, similar to a system used by the US Internal Revenue Service (IRS). Whistleblowers who provide information that ...
HM Revenue & Customs (HMRC) has launched two anti-tax avoidance consultations, as part of its ongoing clampdown on the promoters and facilitators of disguised remuneration schemes. These types of ...
A tradesman earning less than £4,000 a year in rental income will be forced to report his tax five times a year under new ...
Millions of workers are being urged to scrutinise their pay after HMRC sounded the alarm over tell-tale “red flags” that can leave people facing hefty bills. In a fresh warning, HMRC said employees – ...