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Tax enquiries are on the increase and HMRC's income from compliance enquiries  rose to record levels in 2016-17. The increase amounted to £2.3 billion so you can see how seriously HMRC are taking tax compliance! What can... read more

The new landlords interest restriction limits tax relief for finance costs on residential properties to the basic rate of Income Tax. This is being introduced gradually from 6 April 2017. Finance costs cover mortgage interest,... read more

Paying voluntary NICs (national insurance contributions) can make a difference to your entitlement to your state retirement pension and certain other state benefits. There are various reasons as to why gaps may arise in your... read more

HMRC have recently sent out notifications regarding tax on income and assets abroad. They want taxpayers to be aware that tax authorities  are sharing a range of data on financial accounts, and will be using... read more

It's nearly time to pay the second payment on account. What are the consequences if you fail to pay a Self Assessment tax payment on time. If you are facing cash-flow issues, and cannot see... read more

An example may illustrate the answer to this question. Harry updates his iPad and decides to sell his old one – he does not use the iPad for his employment or any business, it’s used purely... read more

Principal Private Residence (PPR) relief from capital gains tax is applicable when you sell a property that has at any time been your only or main residence. But what if you are selling part of... read more